A variable that is determined outside a model is called a(n)
A)dynamic variable.
B)static variable.
C)endogenous variable.
D)exogenous variable.

Question

Quizplus · Accepted Answer

An exogenous variable is a variable that is determined outside of the model and whose value is imposed on the model. This is in contrast to an endogenous variable, which is determined within the model based on its relationships with other variables. Therefore, choice D is the correct answer.

A Variable That Is Determined Outside a Model Is Called