** Included Endogenous Variables
Answers
Endogenous variables are those that are explained or caused by other variables in a given system or model, rather than being independent or exogenous. Common examples of endogenous variables include economic growth, population trends, consumer behaviors, and other social, political, or economic phenomena that are determined by a combination of influences. Endogenous variables are important in economic models because they are used to measure economic performance and to understand the relationship between different variables. They can also be used to test various theories and hypotheses about the marketplace.