Methods of Calculating National Income
1 Board Economics previous year questions on Methods of Calculating National Income — options free on every question; 1 include the answer & explanation free, the rest unlock with PYQ Pass.
Q1 FREE PREVIEW
Which of the following is a stock ?
✓ Correct answer: a)
Wealth
Explanation
Wealth — A stock is measured at a point of time, and wealth represents the total assets owned at a particular moment.
Why Other Options Are Incorrect:
B is incorrect: Saving is a flow measured over a period of time.
C is incorrect: Export is also a flow occurring during a period.
D is incorrect: Profit is earned over a period of time and hence is a flow variable.
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