The Multiplier Is the Ratio of the

question 345

Multiple Choice

The multiplier is the ratio of the

• A) change in real GDP to the change in autonomous expenditures.
• B) equilibrium level of real GDP to the change in induced expenditures.
• C) change in induced expenditures to the change in autonomous expenditures.
• D) change in autonomous expenditures to the change in real GDP.

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Definitions:

Group Technology Codes

A classification system used in manufacturing to group parts into families based on similarities in design or manufacturing process.

Repetitive Layout

refers to a manufacturing layout design where equipment or workstations are organized according to the sequence of operations required to produce a particular product, optimizing for efficiency in high-volume production.

Unit Costs

The cost incurred to produce, store, or purchase one unit of a product or service.

Customizing

Using warehousing to add value to a product through component modification, repair, labelling, and packaging.