GPN 87 Multiplier Effect

What is a multiplier effect in economics?

• A process where jobs are added within the same industry

• A process where jobs are added in a different industry

Fill in the blank: A negative multiplier effect is usually associated with ________.

• Economic growth

• Recessions

• Inflation

• Technological advancement.

Higher employment rates means more consumer spending as people have more ... income

(hint D)

How do you spell the name of the phenomenon where jobs in one industry generate jobs in another?

• Multyplier effect

• Multyplier affect

• Multiplier effect

• Multiplier affect

What is the NIDL as mentioned in the document?

• New International Division of Labour

• National Industrial Development Law

• New Industrial Development League

• National Institute of Labour

The NIDL has led to a .... multiplier effect in HIC manufacturing cities

• positive

• negative

The multiplier effect is a ... model

• social

• demographic

• economic

• environmental

A sustained negative multiplier effect that leads to at least two continuous quarters of negative GDP growth is called a...

• regression

• repression

• recession

In quaternary industry, R&D starts for...

• redraft & draw

• research & design

• reproof & drama

• rethink & delegate

Why do young workers tend to be affected more severely in recessions?

(select 2)

• They have a reputation as the laziest

• They are likely to have lower skill levels than older workers

• Digital-based jobs are lost first

• They likely to be the newest recruits to the company