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What is the multiplier effect?

The best way to explain the multiplier effect is through an example.

Imagine that the government invested £100m in building a new hospital. They would need to employ lots of staff to buil...

Answered by Linden S. • Economics tutor

4019 Views

Why are UK government gilt (bond) yields rising and why is that bad?

A bond or a gilt is a way of borrowing money for corporations or governments. For example, if an imaginary government wanted to borrow $100, it could issue a single bond, and an investor could buy that...

Answered by Rudolfs G. • Economics tutor

23226 Views

Can you explain the difference between joint demand and competitive demand?

Competitive Demand means You can derive equal satisfaction from either product e.g. substitutes like jam and marmalade. Therefore jam and marmalade are in competitive demand.

Whereas

Answered by Sophie W. • Economics tutor

26017 Views

How does actual economic growth differ to potential economic growth?

Actual economic growth can also be known as demand side economic growth because it is affected by changes in the demand in an economy. It is an increase in output as measured by real GDP/ national inc...

Answered by Sophie W. • Economics tutor

31716 Views

Explain the difference between short term growth and long term growth

Short term growth is, as the name suggests, growth in the output of a country in terms of GDP over a given (short, usually a year) period of time. It is measured by the annual percentage change in GDP....

Answered by David J. • Economics tutor

55552 Views