Four of the five statements below contain a stock and a flow. Which statement describes ONLY stock variables OR flow variables?
A) The Canadian Federal government has a debt of approximately $450 billion and an annual deficit of over $25 billion dollars.
B) Nancy spends $400 per month on her credit card and has a balance owing of $2567.
C) Chris earns $1500 per month and has $4 000 in his savings account at the bank.
D) Country X spends an average of $1 million per year for flood relief and has an emergency services fund of $20 million.
E) The Transit Authority of Mytown collects $22 000 in fares per day and has an operating budget of $2 million per year.
Correct Answer:
Verified
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