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Question
Define Nominal Flow.
Define Nominal Flow.
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Solution
Nominal flow is defined as the flow of factor payment from firms to the households for their factor services and the corresponding flow of money from households to the firms, in form of expenditure on consumption i.e purchase of goods and services produced by the firms.
It is also called money flow.
Nominal flow is defined as the flow of factor payment from firms to the households for their factor services and the corresponding flow of money from households to the firms, in form of expenditure on consumption i.e purchase of goods and services produced by the firms.
It is also called money flow.
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