jnu mphil 2014

Posted by neha 1 on Apr 26, 2015; 4:24pm
URL: http://discussion-forum.276.s1.nabble.com/jnu-mphil-2014-tp7596380.html

there are 2 classes in the economy- workers and capitalists. the workers consume all their wages, whereas the capitalists consume one third of their profits.
the wage profit ratio is 1:3. the value of the output multiplier in the economy is
a) 4
b) 1
c) 2
d) none