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Lecture

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Department
Economics
Course
Economics 2152A/B
Professor
Ayoub Yousefi
Semester
Fall

Description
Stock and Flow Variables Flow Variable: Measured per unit of time, Eg. Income, savings, expenditure and production - Like a photo Stock Variable: Measure at a point in time, Eg. Wealth, inventory, balance in your saving - Like a video Most often, flow and stock variables are related to each other. Eg. A flow variable is rate of change in stock variable. Eg. Saving  Wealth Private Sector and Government Sector(Public) Income Private Disposable Income (PDI) – It measures the amount of income the private sector has available to spend. PDI = Y +NFP + TR + INT – T GNP + TR +INT -T TR – Transfers Received from the Government. INT – Interest Payments on the Government Bond (borrowing) T – Taxes (T – TR – INT): Net government income Saving and Wealth As for a household, the economic wellbeing of a nation depends not only on its income but also i
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