What is multiplier
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
Multiplier: The Multiplier is the ratio of change in income by the change in investment.
Multiplier (k) = ΔY/ΔI
Explain the concept of “economies of scale” and “increasing returns”.
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DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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