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Home Questions S9EU4EWMBT
Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Identify the correct statement:

A. Flows are defined over a period of time
B. Stocks are defined at a particular point of time
C. Flows are defined at a particular point of time
D. Stocks are defined over a period of time
E. Flows and Stocks have no time dimension

Choose the correct answer from the options given below:

Options:

A and B only

C and D only

D and E only

E and C only

Correct Answer:

A and B only

Explanation:

The correct statements are: A and B only

Explanation:

  • Flows are defined over a period of time. Examples include income earned per month or the quantity of goods produced per year.
  • Stocks are defined at a particular point in time. Examples include the amount of money in a bank account or the quantity of goods in inventory at a specific moment.

So, the correct answer is A and B only.

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