What Is Another Name for an Outcome Variable

question 6

Multiple Choice

What is another name for an outcome variable?

• A) Dependent variable
• B) Independent variable
• C) Predictor variable
• D) Treatment variable

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Definitions:

Circular-Flow Diagram

An economic model depicting how money, goods, and services move through an economy between households and firms.

Economy

An organized system of production, distribution, and consumption of goods and services within a specific geographical area, involving various agents and market forces.

Circular-Flow Diagram

A model that illustrates the flow of goods and services and money between households and businesses in an economy.

Households

Economic units comprising all persons who occupy a housing unit, responsible for making consumption and investment decisions.