GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the circular flow model, the real flow (not money) from households to producers is:
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Wages and salaries
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Goods and services
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Factors of production
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Consumption expenditure
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Explanation:
Detailed explanation-1: -Real flow refers to the flow of goods and services across different sectors of the economy. Flow of factor services from household sector to the producer sector or flow of goods and services from producer sector to household sector are examples of real flows.
Detailed explanation-2: -Real flows include the factors of production, such as labor or land, that flow from individuals to companies, as well as the flow of goods and services from companies to individuals.
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