Essay
Describe in your own words the difference between a stock and a flow.For each of the following activities,determine whether it is a stock concept or a flow concept:
(a)Sue earns $5.75 per hour working at the Burger Barn.
(b)On his way home from work,Sam finds a ten-dollar bill.
(c)Upon graduation,John accepts a job with a salary of $2000.
(d)Jennifer saves 10% of her monthly income.
(e)Alex saves $1,000 a year.
(f)Japan has a capital to labor ratio of 10 where China has a capital to labor ratio of 2.
Correct Answer:

Verified
A stock concept is a measure of somethin...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q102: The size of underground economies differs across
Q103: What is the difference between GDP and
Q104: The total annual market value of a
Q105: If nominal GDP is $15 trillion and
Q106: In economics it is important to know
Q108: Which of the following is not included
Q109: Suppose there is a stock market bubble
Q110: Net exports are defined as:<br>A)GDP minus exports.<br>B)exports
Q111: If the percent change in nominal GDP
Q112: Fill in the blanks of the following