Test Bank for Managing in a Global.pdf

Test Bank for Managing in a Global
Economy: Demystifying International
Macroeconomics 2nd Edition Marthinsen

, 1. A stock variable:

*a. Is measured at a point in time.
b. Is measured over a period of time.
c. Is an inconsistency in terms, because something cannot be a "variable" and a
"stock" at the same time.


2. A flow variable:

a. Is an inconsistency in terms, because something cannot be a "variable" and a
"flow" at the same time.
b. Is measured at a point in time.
*c. Is measured over a period of time.


3. Which of the following is a flow variable:

*a. Income
b. Money supply
c. Wealth
d. Debt


4. Which of the following is a stock variable:

a. Income
*b. Money supply
c. Investment
d. Profits