Question on: JAMB Economics - 2018
When a variable is associated with time period, it is_____________
A
circular
B
a flow
C
static
D
a stock
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Correct Option: A
A flow variable is measured over a period of time. Examples include income, expenditure, and investment. Conversely, a stock variable is measured at a specific point in time, such as wealth or the number of people employed.
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