Sandeep Garg Macroeconomics Class 12 Solutions Circular Flow of Income

Sandeep Garg Macroeconomics Class 12 Solutions Circular Flow of Income

Short Questions – Sandeep Garg Macroeconomics Class 12 Solutions Circular Flow of Income

• Explain Circular flow of income in two sector economy.
• What are the different phases of a circular flow of income.
• What is meant by circular flow of income? Distinguish between Real flow and Money flow.
• “Households and Firms depend on each other in the circular flow of income. Justify the statement in case of a two-sector model.
• Distinguish between Stock and Flow. Give an example of each.
• Discuss briefly, the circular flow of income in a two sector economy with the help of a suitable diagram.

Long Questions – Sandeep Garg Macroeconomics Class 12 Solutions Circular Flow of Income

• Briefly discuss the money flow and the real flow of income.
• Describe the circular flow of income in a two-sector economy (without financial market).