Which of the statements best describes a flow variable?
A) an economic variable that measures something at a particular point in time
B) an economic variable whose value is determined by the market
C) an economic variable that is measured per unit of time
D) an economic variable whose value shows no change over time
E) an economic variable that remains static when other related variables change

Question

Quizplus · Accepted Answer

A flow variable measures the quantity of something per unit of time. For example, GDP is a flow variable as it measures the total output of goods and services in a country over a period of time (usually a year).

Which of the Statements Best Describes a Flow Variable