Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Which of the following formulae is used to measure the tax mutiplier:

1
\(\frac{- MPC}{1 - MPC}\)
2
\(\frac{1}{1 - MPC}\)
3
\(\frac{1 - MPC}{ MPC}\)
4
\(\frac{2 - MPC}{MPC}\)
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