Examples of exogenous variables include

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Exogenous variables are those that are determined outside of the model and are imposed on the model from the outside. Government spending, total factor productivity, and capital stock are all examples of exogenous variables that can have an impact on the model's outcome. Real wages, consumption, and taxes; real wages, aggregate output, and labour demand; and consumption, government spending, and capital stock are all endogenous variables that are determined within the model. Labour supply and labour demand are also endogenous variables because they are determined within the model as well.

Examples of Exogenous Variables Include