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National Income Accounting

Question
CBSEENEC12013181
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Giving reasons categorise the following into stocks and flows:
(i) Losses   (ii) Capital    (iii) Production    (iv) Wealth.   

Solution

(i) Loss is a flow because losses are always with reference to a period of time.
(ii) Capital is a stock because it is measured at a point of time.
(iii) Production is a flow as it is always with reference to a period of time.
(iv) Wealth is a stock because it is always measured at a point of time.

Some More Questions From National Income Accounting Chapter

Define microeconomics. Give one/two examples of microeconomics. Is study of cotton textile industry a microeconomic study or macroeconomic study? 

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Briefly explain the following basic concepts related to NI:
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Briefly explain the following basic concepts related to NI:
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Briefly explain the following basic concepts related to NI:
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Briefly explain the following basic concepts related to NI:
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Briefly explain the following basic concepts related to NI:
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Briefly explain the following basic concepts related to NI:
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