Question

Importance of super multiplier

Answer 1

Hey mate!

I am here with your answer!

The concept of 'Multiplier' occupies an important place in Keynesian theory of income, output and employment. It is an important tool of income propagation and business cycle analysis. Keynes believed that the initial increment in investment increases the final income by many times.

To work out the multiplier, first add or subtract the percentage from 100, then convert to a decimal. Example: we want to add 20% to £110. To work out the multiplier, add 20 to 100, to get 120, and then change it to a decimal (divide by 100) to get 1.2.

Hope this will help you!

Answer 2

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