The four main economic variables (in macroeconomics) are
1. Real Gross Domestic Product (GDP)
2. The unemployment rate
3. The inflation rate
4. The interest rate
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5. Level of the Stock Market
6. Exchange rate
external shocks business investment, and interest rates
Recessions and periods of economic growth as the efficient response to exogenous changes in the real economic environment.
One of the main economic variables that affects business cycles is consumer spending, as it directly influences demand for goods and services. Other significant variables include investment levels, government spending, and net exports. These factors interact in complex ways, contributing to the fluctuations in economic activity that characterize business cycles. Changes in these variables can lead to expansions or contractions in the economy.
dichotomous variables
- Use Assumptions to simplify - Isolate Variables--Ceteris Paribus - Think at the Margin - Rational People Respond to Incentives
external shocks business investment, and interest rates
Recessions and periods of economic growth as the efficient response to exogenous changes in the real economic environment.
nothing
dichotomous variables
Nominal Variables
economic, political, military, and cultural are the four big ones. followed by communication/linguistic.
- Use Assumptions to simplify - Isolate Variables--Ceteris Paribus - Think at the Margin - Rational People Respond to Incentives
The variables which are declared outside the main() function is known as global variables and they can be used anywhere in the program. And, the variables which used declare inside the main() function is known as local variables and they can be used inside the main() function only. Example: #include<stdio.h> #include<conio.h> int x,y; // global variables void main() { int a,b; // Local variables ------------ ---------------------- --------------------- getch(); }
how economic variables influences on consumer behavior
McCormick use combination of political,social and economic variables
The four major industries of Oregon are agriculture, forestry (and fisheries), tourism, and technology.
Because this equation has four variables, it would require four unique equations involving only these four variables to solve.