Some economic variables are stocks in that they represent the total value of something at a point
Question:
FLOW STOCK
Individual savings .......... Individual wealth
Firm investment ............. Firm capital
Education ..................... Human capital
Gold production ............. Gold
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Related Book For
Intermediate Microeconomics and Its Application
ISBN: 978-1133189039
12th edition
Authors: Walter Nicholson, Christopher M. Snyder
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