Economics · Economic Survey
With reference to the Economic Survey 2022-23, consider the following statements: 1. The Capex multiplier estimated for India implies that the economic output of the country is set to increase by at least four times the amount of Capex. 2. The multiplier effect is the proportional amount of increase or decrease in final income that results from an injection or withdrawal of spending respectively. Which of the statements given above is/are correct?
- 1Neither 1 nor 2
- 2Both 1 and 2
- 32 only✓
- 41 only
Correct answer
2 only
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