economic variable gross domestic product real nominal gdp

timer Asked: Jan 3rd, 2019
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Question description

1. What is an economic variable

Begin each writing assignment by identifying the question number you are answering followed by the actual question itself in bold

Use standard essay format for responses to all questions

500-750 words

Tutor Answer

School: Boston College



Economic Variable
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Question 1
What is an economic variable?
The word variable portrays a quality that can be measured and also defined. The
economic variable here identifies a measure or property which is determined by the events
manifested by the economic system (Levy & Dezhbakhsh, 2003). Some of the items included, to
sum up, the economic variable is product prices, the number of items traded in the market,
interest rates, wealth produced, unemployment rates, and exchange rates, together with many
others. There is also a group of exogenous variables that exist within the economy which are
external, yet an influential critical factor. Some of these exogenous factors are the political and
social situation, climate, demograph...

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Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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