In a Macroeconomic Model Designed to Explain Why Some Countries

question 15

Multiple Choice

In a macroeconomic model designed to explain why some countries grow faster than others,which of these variables is likely to be endogenous?

• A)investment
• B)economic policies
• C)geographic size
• D)population
• E)none of the above

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Definitions:

Butte

A steep-sided, isolated hill or mountain with a flat top, usually formed through the erosion of sedimentary rocks.

Erosion

The process by which natural forces remove soils, rocks, or dissolved material from one location and transport it to another.

Igneous Rock

Rock formed through the cooling and solidification of magma or lava, with diverse types such as basalt and granite.

Metamorphosed

The process through which rocks undergo physical and chemical changes under high temperature and pressure conditions, forming metamorphic rocks.