Describe in Your Own Words the Difference Between a Stock

question 37

Essay

Describe in your own words the difference between a stock and a flow.For each of the following activities,determine whether it is a stock concept or a flow concept:
(a)Sue earns $5.75 per hour working at the Burger Barn.
(b)On his way home from work,Sam finds a ten-dollar bill.
(c)Upon graduation,John accepts a job with a salary of $2,000 per month.
(d)Jennifer saves 10% of her monthly income.
(e)In 2004,Canada's production of pig-iron was 2,000 metric tonnes.
(f)Japan has a capital to labour ratio of 10 whereas China has a capital to labour ratio of 2.
A stock concept is a measure of something at a particular point in time.
A flow concept is a measure of something during a specific time period.

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Definitions:

Polymers

Large molecules composed of repeated subunits called monomers, utilized in various materials and applications.

Natural Rubber

A polymer of isoprene (2-methylbuta-1,3-diene) that is harvested as a latex from the rubber tree and is used to produce various rubber products.

Identical Monomer

A repeating unit within a polymer where all monomers are the same chemical structure.

Urethane

A chemical compound also known as ethyl carbamate, used in the production of medicines, pesticides, and as a building block for polymers.