passwella.
Menu

Unilorin Post-UTME Economics 2023 (Model questions) Question 5

Question 5

Basic Concepts

Wealth is a perfect example of

  1. A.flow variable
  2. B.stock variable
  3. C.real variable
  4. D.normal variable
Show the answer and explanation

Answer: B (stock variable)

Explanation

Wealth is measured at a point in time, so it is a stock. Income, measured over a period, is a flow.