Variables expressed in terms of physical units or quantities are called ______ variables.
A) real
B) nominal
C) endogenous
D) exogenous

Name: Variables expressed in terms of physical units or quantities are called ______ variables. A) real B) nominal C) endogenous D) exogenous
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Question

Quizplus · Accepted Answer

Real variables are those expressed in terms of physical units or quantities, such as liters of milk, kilograms of flour, or the number of chairs, distinguishing them from nominal variables, which are expressed in monetary terms.

Variables Expressed in Terms of Physical Units or Quantities Are