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Questions
What are the two kinds of flow of national income?
What are real flows?
Short Answer
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Solution
Two kinds of flow of national income are:
- Real flows: Real flow refers to the movement of products and services between different sectors of the economy, including labor, land, goods, and services.
- Money flows: Money flow refers to the flow of revenue and spending, including salary, rent, and payments for goods and services.
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Notes
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