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Define Flow Variables. - Economics

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Define flow variables. 

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Solution

Flow variable refers to those variables that are measured over a period of time. These variables have an element of time attached to them. For example, interest earned on bank deposits for 1 year, i.e. from October 01, 2009 to September 30, 2010 is a flow variable. 

Concept: Basic Concepts - Stocks and Flows
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