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Multiplier can be described as

Economics
JAMB 2023

Multiplier can be described as

  • A. the ratio of change in an endogenous variable to the change spending
  • B. the ratio of variables that multiplies autonomous spending plus tax
  • C. the ratio of change in output to a change in autonomous spending
  • D. the ratio of variables that multiplies autonomous spending
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Correct Answer: Option A
Explanation

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.

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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789