Answer to Question #283628 in Economics for Saldisha

Question

GDP is a stock variable while government debt is a flow variable. True/False

Answer 1

Most macroeconomic variables reported by statistical agencies are flow variables. Gross Domestic Product (GDP) represents the value of final goods produced by the economy during a given year. GDP is a flow that is measured in dollars, euros, or other currency units per year.

So, the statement is false.