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ECONOMICS – Daily Answer Writing Challenge, 22 July 2014

ECONOMICS – Daily Answer Writing Challenge, 22 July 2014

1) Trace the growth of real per capita income in India in the pre liberalisation period, keeping in view the interplay of increasing population and increasing real national income ( 300 words) 

2) What do you mean by money multiplier? What are the factors that determine the value of the multiplier? (200 words)