Describe the Multiplier concept as used in macroeconomics.

Describe the Multiplier concept as used in macroeconomics.

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The multiplier is the number by which national income changes due to a unit change in any of its components.
Types of economies based on composition of national income
Y = C + I (2 sector economy)
Y = C + I + G (3 sector economy)

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Kavungya answered the question on August 10, 2021 at 07:34

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