An economic variable that measures something at a particular point in time is called a _____.
A)stock variable
B)periodic variable
C)dummy variable
D)flow variable
E)constant variable

Question

Quizplus · Accepted Answer

A stock variable measures a particular quantity at a specific point in time, such as the amount of money in a bank account or the number of cars in a parking lot. Periodic variables, on the other hand, measure something that occurs over a specific period of time, such as monthly sales or annual income. Dummy variables are categorical variables that take on the values of 0 or 1 and are used for regression analysis. Flow variables measure the rate of change over time, such as the flow of water in a river or the pace of economic growth. Constant variables are fixed values that do not change.

An Economic Variable That Measures Something at a Particular Point