first add or subtract the percentage from 100 ,then convert to a decimal.
What is a simple definition of the multiplier?
It is the number of times a rise in national income exceeds the rise in injections of demand that caused it.
What is the multiplier process?
The multiplier effect comes about because injections of new demand for goods and services into the circular flow of income stimulate further rounds of spending – in other words “one person’s spending is another’s income”
This can lead to a bigger eventual final effect on output and employment.
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