Question on: JAMB Economics - 2024
In income determination theory, acceleration principles shows that
A
investment is the causes, while income is the effects
B
income and investment are both effects
C
incomes is of on effect on investment
D
income and investment are both causes
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Correct Option: A
The acceleration principle in income determination theory states that investment is the effect of a change in income. Therefore, investment is the result of changes in income.
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