Asked by Jamie Wilson on May 16, 2024
Verified
Wealth is a flow measure.
Flow Measure
A quantitative assessment that represents movement of items over time, often used in economics to track variables like income.
- Identify the measures of economic activity, such as flow and stock measures.
Verified Answer
JH
James HarrisMay 21, 2024
Final Answer :
False
Explanation :
Wealth is typically defined as a stock measure, or the total value of assets an individual or entity owns at a given point in time, whereas flow measures refer to the rate or amount of change over a period of time. Examples of flow measures include income, expenditures, and savings.
Learning Objectives
- Identify the measures of economic activity, such as flow and stock measures.