Define the import multiplier. Explain how it calculates the total growth of national income that results.
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Define the import multiplier. Explain how it calculates the total growth of national income that results.
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The import multiplier is a concept used in economics to analyze the impact of changes in exports or imports on a countrys national income or gross dom...View the full answer
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Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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