An Endogenous Variable Is

question 26

Multiple Choice

An endogenous variable is:

• A)a variable that an economic agent chooses.
• B)consumption, investment or government spending.
• C)a variable determined within the economic system being studied.
• D)a variable pertaining to the home country economy.

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Definitions:

Debit Normal

Refers to accounts that are increased with a debit transaction and have a natural debit balance, such as assets, expenses, and losses.

Credit Normal

The usual terms or conditions under which credit is extended to customers, including payment due dates and interest rates.

Sales Slip

A document that records the details of a transaction made between a buyer and a seller.

Cash Register Tape

A paper roll or digital record used in cash registers to record transactions made during a business day.