Multiple Choice Questions on Assertion A total production is equal to total consumption in case of circular flow in a two sector ........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Assertion A total production is equal to total consumption in case of circular flow in a two sector ...........

Economics (CUET) National Income Accounting
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    Assertion (A) total production is equal to total consumption in case of circular flow in a two sector economy.

    Reason (R) household sector supplies factor services only to firms and the firms higher factor services only for households.

    Alternatives

    Assertion (A) is true and Reason (R) is a correct reason of Assertion (A)

    Incorrect Answer

    Assertion (A) is true, but Reason (R) is not a correct reason of Assertion (A)

    Correct Answer

    Assertion (A) is false, but Reason (R) is true

    Incorrect Answer

    Both are false

    Incorrect Answer
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    Explanation:

    Assertion (A) is true, but Reason (R) is not a correct reason of Assertion (A)

    By: Parvesh Mehta
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