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Income of the family is the example of which variable 1 point (a) stock (b) flow (c) both stock and flow (d) none of these?
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Income of the family is the example of which variable 1 point (a) stoc...
Income of the family as a Variable:
Income of the family is an example of a (b) flow variable.
Explanation:
Flow Variable:
- Flow variables are measured over a period of time.
- They represent a quantity observed at a particular instant of time.
- Income of the family, which is earned and received over a period of time (monthly, annually, etc.), is considered a flow variable.
- It is a continuous variable that can change from one period to another.
Stock Variable:
- Stock variables, on the other hand, represent a quantity at a specific point in time.
- Examples of stock variables include the total wealth of a family, the number of shares held by an individual, etc.
- Income of the family does not fall under the category of stock variables as it is not a fixed quantity at a specific point in time.
Conclusion:
- In conclusion, income of the family is considered a flow variable because it is measured over a period of time. It represents the amount of money earned and received by the family during that time frame, making it a dynamic variable that can change over time.
Income of the family is an example of a (b) flow variable.
Explanation:
Flow Variable:
- Flow variables are measured over a period of time.
- They represent a quantity observed at a particular instant of time.
- Income of the family, which is earned and received over a period of time (monthly, annually, etc.), is considered a flow variable.
- It is a continuous variable that can change from one period to another.
Stock Variable:
- Stock variables, on the other hand, represent a quantity at a specific point in time.
- Examples of stock variables include the total wealth of a family, the number of shares held by an individual, etc.
- Income of the family does not fall under the category of stock variables as it is not a fixed quantity at a specific point in time.
Conclusion:
- In conclusion, income of the family is considered a flow variable because it is measured over a period of time. It represents the amount of money earned and received by the family during that time frame, making it a dynamic variable that can change over time.
Community Answer
Income of the family is the example of which variable 1 point (a) stoc...
Flow because income is always in respect of some time dimensions
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Income of the family is the example of which variable 1 point (a) stock (b) flow (c) both stock and flow (d) none of these?
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Income of the family is the example of which variable 1 point (a) stock (b) flow (c) both stock and flow (d) none of these? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Income of the family is the example of which variable 1 point (a) stock (b) flow (c) both stock and flow (d) none of these? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Income of the family is the example of which variable 1 point (a) stock (b) flow (c) both stock and flow (d) none of these?.
Income of the family is the example of which variable 1 point (a) stock (b) flow (c) both stock and flow (d) none of these? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Income of the family is the example of which variable 1 point (a) stock (b) flow (c) both stock and flow (d) none of these? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Income of the family is the example of which variable 1 point (a) stock (b) flow (c) both stock and flow (d) none of these?.
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