Spending multiplier is a term in economics that describes the quantitative impact of changes to autonomous spending on the level of output and income. The size of the multiplier is related to the marginal propensity to consume.Answer and Explanation: ...
Economics is a body of knowledge that studies individuals' and firms' behavior in terms of production, consumption, and distribution. It elaborates on how people allocate scarce resources to satisfy their wants and maximize utility. It also studies external factors that influence the economy, such ...
(Nominal GDP divided by the PPI) x 100 where PPI the producer price index D. (Nominal GDP divi If we want to measure an economy's output, why is real GDP a better measurement than nominal GDP? What is the definition of GDP and GDP per capit...