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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment1 Mark
Question
Define the term 'multiplier'. How do we measure it?
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Answer

The ratio of change in national income $(\Delta\text{Y})$ due to change in investment $(\Delta\text{I})$ is known as multiplier (K).

$(\text{k})=\frac{\Delta\text{Y}}{\Delta\text{I}}$

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