CBSE Class 12-commerce Answered
multiplier= change in Idivided bychange in Y.true or false give reasons
Asked by sreenathsnair123 | 15 Dec, 2018, 08:35: PM
Expert Answer
This statement is not true. This is because
The concept of investment multiplier states that an additional investment (∆I) generates additional income (∆Y) but income generated is many times more than the investment.
Multiplier (k) is the ratio of increase in national income due to an increase in investment .
Answered by Tharageswari S | 17 Dec, 2018, 10:23: AM
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