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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

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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
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