Question
(a) Distinguish between Stocks and Flows in Macroeconomics (b) Explain which of the following is a stock variable and which is a flow variable. explain
- (a) Distinguish between Stocks and Flows in Macroeconomics
(b) Explain which of the following is a stock variable and which is a flow variable. explain why.
(i)The $100 000 in a stock investment
(ii)Gross Domestic Product
(iii)An accountant's annual salary
(iv)The number of cars being driven in Toronto on Monday morning at 8 am
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
