Identify an Example of a Flow Variable

question 97

Multiple Choice

Identify an example of a flow variable.

• A)The volume of the federal government's debt
• B)The population of a country in a particular year
• C)The total amount of an individual's wealth
• D)The amount of sales tax collected per year
• E)The total amount of unemployment in an economy

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Definitions:

Consumption Bundles

A combination of goods and services that an individual or household consumes over a given period.

Consumer

An individual or group who purchases goods and services for personal use.

Budget

A financial plan for a defined period, often one year, that allocates future personal income towards expenses, savings, and debt repayment.

Paperback Novels

Books printed on lower quality paper, bound in a soft cover, and typically less expensive than hardcover editions.