If investment multiplier is 3 what will be the value of MPC ?
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Answer:
increase in investment of Rs 50 crore causes an increase in national income of Rs 300 crore, then value of multiplier would be 6 (= 300 ÷ 50).
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Answer:
Explanation:
increase in investment of Rs 50 crore causes an increase in national income of Rs 300 crore, then value of multiplier would be 6 (= 300 ÷ 50).
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