What Type Of Variables Are Production Income And Spending Respectively? [Solved]

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What Type Of Variables Are Production Income And Spending Respectively? [Solved]

This kind of vari- able, which can only be measured over a period, is called a flow variable or simply a flow. Production, income and spending all fall into this category – they are all flows which can only be measured over a peri- od.

Measurement of National Income| Income method| Expenditure Method| Production Method| Measure GDP

MeasurementofNational

Lagrangian: Maximizing Output from CES Production Function with Cost Constraint

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Lecture 40: Open Economy Macroeconomics II

National present value of consumption plus government