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Define the Following : Flow Variables - Economics

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Definition

Define the following: Flow Variables

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Solution

Flow Variables: A variable is said to be a flow variable if it is measured over (during) a period of time. Since such variables are measured over a time interval, it can be said that they have an element of time attached to them. For example, income earned during the month of March.

Concept: Basic Concepts - Stocks and Flows
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