,The Simultaneity Problem Refers to

Multiple Choice

,the simultaneity problem refers to

A) the possible correlation between openness and financial reform
B) the time lag between increasing openness and its effect on GDP per capita
C) the possibility that GDP influences openness at the same time that openness affects GDP
D) the fact that cross-country data may not be available for the same years
E) the likely correlation between the error terms associated with successive observations