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The following table illustrates the multiplier process in a private closed economy:
-Refer to the above table.The total change in income resulting from the initial change in investment will be:
Hard Work
The substantial effort and perseverance applied toward achieving goals, characterized by diligence and commitment.
Directs Behaviour
The influence or guidance on individuals' actions towards specific objectives or standards within a given context.
Keeps At It
Persistence and continued effort towards achieving a goal or completing a task.
Intrinsic Motivation
Motivation driven by internal rewards or satisfaction, where the activity itself is the primary reward.
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