Some Basic Concept of Macroeconomics
2 Board Economics previous year questions on Some Basic Concept of Macroeconomics — options free on every question; 1 include the answer & explanation free, the rest unlock with PYQ Pass.
In a two-sector economy, the flow of factor payments moves from __________ to __________.
(Choose the correct option to fill in the blanks)
Firms → Households
(A) Firms → Households
Explanation:Households provide factors of production such as land, labour, capital, and entrepreneurship to firms. In return, firms make factor payments like wages, rent, interest, and profit to households.
Continuously fall by huge amount in the level of output and employment in an economy is called –
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