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Differentiate the three types of variable?
differentiate the three types of variables from one another
Define and differentiate between endogenous and exogenous variables?
The endogenous variables value is established by the conditions of the other variables in the structure. The exogenous variables value in independent of the conditions of the other variables in the structure. The difference between the endogenous and exogenous variables is the endogenous depends solely on the structure and the exogenous depend on outside elements.
Does a line graph show the relationship between three variables?
a simple 2d xy line graph has only the possibility for 2 different variables (x and y). for a 3 variable graph you would have to go into a 3d xyz graph with each variable as x, y and z. it is possible to fit a line to this but for an easier analysis it is better to analyse the variables in pairs.
What does a line graph related to?
It is related to the two variables that are plotted in the line graph.It is related to the two variables that are plotted in the line graph.It is related to the two variables that are plotted in the line graph.It is related to the two variables that are plotted in the line graph.
Economic variables whose values are measured in monetary units are called?
Nominal Variables
