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

- Represents a quantity measured at a specific point in time.

- Examples include wealth or inventory.

- Option 2: Flow

- Represents a quantity measured over a period of time.

- Examples include income, expenditure, or production.

- Correct Answer:

- Option 3: Both stock and flow

- Rare case where a variable can be both.

- Typical examples often don't fit this category.

- Option 4: Neither stock nor flow

- Variables not quantifiable in terms of stock or flow.

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