What Type of Variables Have Their Movements Explained by Theory

question 131

Multiple Choice

What type of variables have their movements explained by theory?

• A)endogenous
• B)exogenous
• C)autonomous
• D)Both B and C

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Definitions:

Poverty

A state where an individual or community lacks the financial resources and essentials for a minimum standard of living.

Labor Market

The labor market is a marketplace where workers seek employment and employers seek workers, governed by the forces of supply (workers) and demand (jobs), influencing wages and working conditions.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country over a specific time period.

Employment Opportunities

Available job positions that individuals can apply for within the labor market.