Question

What are the types of economic variables used?

• A. Stock variables
• B. Flow variables
• C. Supply variables
• D. Both A & B

Answer 1

Answer: (D)

Both A & B

• The variables used for economic analysis and resolving of economic issues are grouped into:
• Stock variable: A stock variable is a quantified variable that is measured at a particular point of time.
  
• Flow variable: A flow variable is a quantified variable that is measured over a specified period of time.