Answer in Economics for Saldisha #283628
March 18th, 2023
GDP is a stock variable while government debt is a flow variable. True/False
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.