Asked by chardon watters on Jul 18, 2024
Verified
Which of these statements best describes a flow variable?
A) An economic variable that measures something at a particular point in time
B) An economic variable whose value is determined by the market
C) An economic variable that is measured per unit of time
D) An economic variable whose value shows no change over time
E) An economic variable that remains static when other related variables change
Flow Variable
A measure of something over an interval of time, such as your spending per week.
Point In Time
describes a specific moment or instance in the timeline.
Determined
A term describing a definite and firm decision or the resolution to follow a particular course of action.
- Differentiate between flow variables and stock variables in economics.
Verified Answer
DR
Deseree RileyJul 24, 2024
Final Answer :
C
Explanation :
A flow variable is an economic variable that is measured per unit of time, such as income, consumption, or production. It represents a rate of change over time, as opposed to a stock variable which is measured at a particular point in time.
Learning Objectives
- Differentiate between flow variables and stock variables in economics.