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If you have $1 000 and the GDP deflator increases from 112 to 120,then
Independent Variables
Are presumed causes that influence dependent variables.
Dependent Variables
Outcomes of practical value and interest that are influenced by independent variables.
Specific Variables
Distinct and measurable elements or factors that can influence the outcome of a study or research.
Contingency Variables
Factors or conditions that can change and affect the outcome of decision-making processes or situations.
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