Question
Which of the following statements regarding stocks and
flows is/are correct? 1. Money supply is a stock whereas income is a flow. 2. GDP is a stock variable. 3. GNP is not comparable. Select the correct answer using the code given below:Solution
Money supply (amount of money) is a stock variable which income is a flow. National income (for e.g. GDP) is a flow. Stock and flow variables A flow is a quantity that is measured with reference to a period of time. Thus, flows are defined with reference to a specific period (length of time), e.g., hours, days, weeks, months or years. It has a time dimension. National income is a flow. It describes and measures the flow of goods and services which become available to a country during a year. The income of a person is a flow that is earned during a week or a month or any other period. Likewise, investment (i.e., adding to the stock of capital) is a flow as it pertains to a period of time.
A, B, C, D, and E are five friends who went on a picnic. Their average age is 43 years. The present age ratio of D to E is 4:5, and the present age rati...
At present Raveena age is 3(1/2) Diksha’s age and half of Mitesh’s age. After 6 years Raveena will be 2 times Diksha’s age. What is Raveena’s p...
Neeta is 15 years older than Reena. Five years ago, the ratio of Neeta's age to Reena's age was 11:8. What is Neeta's current age?
The ratio of the present ages of P and Q is 6:5 respectively. If the age of P 10 years hence from now will be 100% more than the age of Q 4 years ago fr...
- Four years ago, A’s age was 11 years less than 1.2 times his current age. The ratio of B’s age after 6 years to C’s age 1 year ago is 4:1. What is B�...
- Karan is 4 years older than Tarun, and Tarun is 6 years younger than Naman. If 3 years later, the ratio of Karan’s age to Naman’s age will be 7:8, find...
Present average age of 4 friends: ‘A’, ‘B’, ‘C’ and ‘D’ is 24 years. If their ages are in the arithmetic progression in the same order a...
The respective ages of a mother and her daughter are 45 and 13 years. In how many years will the mother be thrice as old as her daughter?
Present age of ‘C’ is 20% more than that of ‘D’. 3 years ago, ‘C’ was 1.4 times as old as ‘D’. Find the present age of ‘D’.
...The ratio of the present ages of Ginni and Binni is 9:4 respectively. Ginni is ‘n’ years older than Binni. If after 5 years, the ratio of the ages o...
