CUET Economics PYQs

The well-being and wealth of the economy may not resonate only with possession of resources. It should ....................

Addition to the stock of physical capital and changes in the inventory of a producer is known as:

1. Asset Appreciation.
2. Consumption.
3. Stock.
4. Investment.

Which of the following statements are incorrect ?

(A) Circular flow of income does not take place in a closed economy.

(B) Real flow consists of flow of factor services from households to firms.

(C) In a two-sector economy, total production is always equal to total consumption.

(D) Money flow consists of flow of factor payments from households to firms.

Choose the correct answer from the options given below :