Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q73 (CDS-I/2004) Economy › Basic Concepts & National Income › National income aggregates Answer Verified

The stock of commodities held by the nationals of a country at a point of time is the

Result
Your answer: —  Â·  Correct: A
Explanation

In economics, the distinction between stock and flow variables is fundamental. National Wealth is defined as the total value of all assets, commodities, and economic goods possessed by the citizens of a nation at a specific point in time [t1][t2]. It represents a 'stock' variable because it measures the accumulated holdings at a particular moment [t3][t9]. In contrast, National Income is a 'flow' variable, representing the total value of goods and services produced or income earned over a period of time, typically a year [c1][c4][t9]. While National Resources refer to the underlying natural or human potential of a country, and Per Capita Income is an average flow measure [t5], the specific stock of commodities and assets held by nationals at a given point in time is formally termed National Wealth [t10].

Sources

  1. [1] https://eng.stat.gov.tw/News_Content.aspx?n=2417&s=214715
  2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 1: National Income > POTENTIAL GDP > p. 9
  3. [3] Macroeconomics (NCERT class XII 2025 ed.) > Chapter 2: National Income Accounting > National Disposable Income and Private Income > p. 28
  4. [4] https://nios.ac.in/media/documents/SrSec318NEW/318_Economics_Eng/318_Economics_Eng_Lesson3.pdf
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
63%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

IAS · 2013 · Q74 Relevance score: -0.38

The national income of a country for a given period is equal to the

IAS · 1997 · Q99 Relevance score: -2.66

National Income is the

CDS-II · 2014 · Q95 Relevance score: -3.36

The value of all final goods and services produced by the normal residents of a country and their property, whether operating within the domestic territory of the country or outside in a year is termed as

IAS · 2001 · Q19 Relevance score: -3.54

The term National Income represents

CDS-I · 2003 · Q77 Relevance score: -4.86

Which of the following is equivalent to National Income?