Multiplier can be described as

Assessment: JAMB UTME - Economics - 2023 Subject: Economics

Question 1 Report

Multiplier can be described as

. the ratio of change in an endogenous variable to the change spending

the ratio of variables that multiplies autonomous spending plus tax

the ratio of change in output to a change in autonomous spending

the ratio of variables that multiplies autonomous spending

Answer Details

A multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable such as investment, consumption, government expediture etc.

Read lesson note on Methods And Tools Of Economic Analysis (JAMB)

Read lesson note on Definition And Scope Of Economics (WAEC)

Methods And Tools Of Economic Analysis

Definition And Scope Of Economics

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