In income determination theory, acceleration principles shows that

Assessment: JAMB UTME - Economics - 2024 Subject: Economics

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In income determination theory, acceleration principles shows that
Answer Details
In income determination theory, the acceleration principle suggests that investment is the primary driver or cause, whil income is the resulting effect. The acceleration principle states that changes in investment levels lead to amplified or accelerated changes in income.
The acceleration principle posits that changes in investment levels have a multiplier effect on income. When investment increases, it leads to increased production, employment, and income generation.
Read lesson note on National Income (JAMB)
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