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Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman
Edition 6ISBN: 978-1133708735Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman
Edition 6ISBN: 978-1133708735 Exercise 16
State whether each of the following is a stock variable or a flow variable,and explain your answer briefly.
a. Total farm acreage in the U.S.
b. Total spending on food in China
c. The total value of U.S. imports from Europe
d. Worldwide iPhone sales
e. The total number of parking spaces in Los Angeles
f. The total value of human capital in India
g. Investment in new human capital in India
a. Total farm acreage in the U.S.
b. Total spending on food in China
c. The total value of U.S. imports from Europe
d. Worldwide iPhone sales
e. The total number of parking spaces in Los Angeles
f. The total value of human capital in India
g. Investment in new human capital in India
Explanation
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When a quantity is measured at a particu...
Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman
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