Identify an example of a flow variable.
A) the volume of the federal government's debt in the current year
B) the population of a country in a particular year
C) an individual's total wealth
D) the amount of sales tax collected per year
E) the total 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 because it represents a measure of revenue over a specific time period.

Identify an Example of a Flow Variable