Macroeconomics: Introduction · Class 12 · CBSE · Commerce Economics
In macroeconomics, national income is classified as which type of economic variable?
Practice question from Macroeconomics: Introduction (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
easy · MCQ · Q-6C4407
In macroeconomics, national income is classified as which type of economic variable?
- A.A stock variable measured at a particular point of time
- B.A flow variable measured over a period of timeCorrect answer
- C.A variable that cannot be measured
- D.A purely individual-level variable
Solution
National income is measured over a period such as a month or a year. Therefore, it is a flow variable.
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