Identify an example of a flow variable.
A)The volume of the federal government's debt
B)The population of a country in a particular year
C)The total amount of an individual's wealth
D)The amount of sales tax collected per year
E)The total amount of unemployment in an economy

Question

Quizplus · Accepted Answer

Flow variables are measured over a period of time, and the amount of sales tax collected per year fits this definition, as it represents a measure that accumulates over time, rather than a static snapshot.

Identify an Example of a Flow Variable