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National Income Accounting — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsNational Income Accounting3 Marks
Question
Distinguish between stocks and flows. Give an example of each.OR
Distinguish between stock and flow variables with suitable examples.
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Answer

Stock are those variables whose magnitude is measured at a particular point of time, e.g., wealth is a stock.Whereas flows are those variables whose magnitude is measured over a period of time, e.g., income is a flow.

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