Question
Download Solution PDFWhich of the following is an example of a flow variable?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Export of food grains in a particular financial year.Key Points
- A flow is a quantity that is measured with reference to a period of time.
- Thus, flows are defined with reference to a specific period (length of time).
- It has a time dimension.
- National income is a flow.
- It describes and measures flow of goods and services which become available to a country during a year.
- Hence Export of food grains in a particular financial year is an example of a flow variable.
Additional Information
- Stocks are defined at a particular point in time.
- So, Wealth is a stock variable as it can be measured at a particular time.
- A flow shows change during a period of time whereas a stock indicates the quantity of a variable at a point of time.
- Wealth is a stock since it can be measured at a point of time.
- Income is a flow because it can be measured over a period of time.
- Salary and change in wealth is a flow because it can be measured over a period of time.
Last updated on May 28, 2025
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