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National Income Accounting — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsNational Income Accounting4 Marks
Question
Distinguish between stocks and flows. Give two examples of each.
✓

Answer

Stocks are variables measured at a point of time whereas flows are variables measured over a period of time.
Example:
Stocks: Wealth and capital, etc.
Flows: Income, savings, etc.

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