Define multiplier
Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.
Assume nominal GDP in the year of 2002 was $100 billion and in the year of 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by: A) 160 percent. B) 44 percent. C) 37 percent. D) 1
For this purely competitive firm, area P2P1de shows: (1) fixed cost (TFC). (2) losses, but the minimum possible economic loss. (3) average fixed cost (AFC). (4) maximum economic profits. (5) the rate of return on investment.
When this firm produces 5,000 units of output monthly in this demonstrated figure, in that case its total variable costs equal as: (w) $75,000 per month. (x) $15,000 per month. (y) $18,000 per month. (z) $3,000 per month. Q : Effect of higher price for normal good Let consider the law of demand. The idea that the higher price for a normal good will outcome in less of good being purchased never based logically on the: (1) Income effect, by which the higher price decreases the purchasing power of the income. (2) Demand for good f
Let consider the law of demand. The idea that the higher price for a normal good will outcome in less of good being purchased never based logically on the: (1) Income effect, by which the higher price decreases the purchasing power of the income. (2) Demand for good f
Explain in brief about the importance of strategic management towards the success of a business?
What are the various functions of price mechanism in a free market economy?
When price falls and quantity rises along a negatively-sloped linear demand curve: (1) total revenues fall till elasticity equals zero, then this rises. (2) demand is decreasingly price elastic. (3) there is a contrad
An accusation of predatory pricing is complicated to prove within a court of law since: (w) firms generally have too much power. (x) consumers and juries like the low prices and are less likely to fine a firm for lowering price. (y) predatory behavior
I have a problem in economics on Equilibrium price of a quantity. Please help me in the following question. The equilibrium price is a price at which the quantity: (1) Bought equivalents the quantity sold. (2) Demanded equivalents the quantity supplie
In the quintile distribution of income, the term "quintile" represents
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