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Giving reasons categorise the following into stock and flow : (i) Capital (ii) Saving (iii) Gross domestic product (iv) Wealth |
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Answer» (i) Capital is a stock. This is so because capital is measured at a point of time. (ii) Saving is a flow. This is so because it relates to a period of time. (iii) Gross domestic product is a flow because it relates to a time period which is generally one fiscal year. (iv) Wealth is a stock because it is measured at a point time. |
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