Income of the family is the example of which variable ........

Income of the family is the example of which variable?

Stock

Flow

Both stock and flow

Neither stock nor flow

- Option 1: Stock

- Refers to a quantity measured at a particular point in time.

- Examples include bank balance, capital, and inventory.

- Option 2: Flow

- Refers to a quantity measured over a period of time.

- Includes income, expenditure, and production.

- Relevant here as income is measured over time, such as monthly or annually.

- Option 3: Both stock and flow

- This would imply a quantity can be both at a point in time and over a period, which isn't applicable for income.

- Option 4: Neither stock nor flow

- This option would apply to items that don't fit into stock or flow, making it irrelevant for income.

- Correct Answer: Option 2: Flow

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