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While measuring a flow variable, what is generally necessary to mention?

Answer and explanation

Correct answer: Time period

A flow is measured over an interval, so its time period must be specified. Statements such as income per month, output during a year, or expenditure in a quarter are meaningful because they identify the interval of measurement. Units are also useful, but they do not distinguish a flow from a stock. Therefore, option A is correct.

Related tags

Flow VariablesTime PeriodNational IncomeMeasurementGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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