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yes, production is a stock concept and income is a flow concept.
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WHAT ARE three major flow in the economy?
production, income and spending.
Name the three phases in the circular flow of income?
The three phases of circular flow of income are; 1.production of goods and services 2.distribution or generation of income and 3.expenditure or disposition of income
Why is wealth a flow concept?
No, it is a stock measure, as in, it is measured at a given point in time. Income on the other hand IS a flow measure, you must specify a time period for it ex. income per month or per year.
The difference between wealth and income?
The wealth ,is the money you accumulate during years . The income is the money you earn during a year . The first one is a stock the second a flow
Is GDP a stock or a flow?
flow
Define stock and flow with example?
examples of stock variables and flow variables stock: saving,capital,labour force, wage rate, flow: income,investment,balance of payment
WHAT ARE three major flow in the economy?
production, income and spending.
True or false Money is a stock while income is a flow?
True
Name the three phases in the circular flow of income?
The three phases of circular flow of income are; 1.production of goods and services 2.distribution or generation of income and 3.expenditure or disposition of income
Why is wealth a flow concept?
No, it is a stock measure, as in, it is measured at a given point in time. Income on the other hand IS a flow measure, you must specify a time period for it ex. income per month or per year.
Which model illustrates the continuous flow of spending production and income between the different sectors in an economy?
economic cycle
The difference between wealth and income?
The wealth ,is the money you accumulate during years . The income is the money you earn during a year . The first one is a stock the second a flow
What effect does the purchase of treasury stock have on net income?
Purchase of treasury stock has no effect on the net income of a business. The purchase may affect cash flow of the business. No profit or loss is claimed when shares are re-issued at above or below cost.
Is GDP a stock or a flow?
flow
Is export a stock or a flow variable?
It is a flow.
Is GDP a stock variable or a flow?
Flow
In the study of macroeconomics production leads to income and income leads to production in a continuing cycle?
true
