Examples of Exogenous Variables Include

question 45

Multiple Choice

Examples of exogenous variables include

• A)labour supply and labour demand.
• B)consumption, government spending and capital stock.
• C)government spending, total factor productivity, and capital stock.
• D)real wages, aggregate output, and labour demand.
• E)real wages, consumption, and taxes.

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Definitions:

Water Table

The level below the Earth's surface where the ground is completely saturated with water, forming the upper surface of the groundwater.

Ground Water

Underground water stored in soil or within rock pores and cracks.

Hydraulic Gradient

The slope of the water table or potentiometric surface, indicating the direction and rate of groundwater flow.

Limestone Cave

A natural underground space formed by the dissolution of limestone rock by water.