Which of the following is correct?
A. Income is a stock and wealth is a flow concept.
B. Both income and wealth are flow concepts.
C. Both income and wealth are stock concepts.
D. Income is a flow and wealth is a stock concept.
Answer: D
Economics
You might also like to view...
Real wages will rise if
A) money supply growth is less than expectations. B) real interest rates fall. C) aggregate demand is less than aggregate supply. D) money supply growth exceeds the inflation rate.
Economics
The issue of fairness versus efficiency arises
a. only in a command economy. b. only in a market economy. c. in neither a command nor a market economy. d. in both a command and a market economy.
Economics