Aree, first up: GDP's three methods are production, income, and expenditure — just remember what value is added, who earns it, or who spends it, final answer same. Money multiplier is 1/reserve ratio, shows how banks create money from deposits. Balance of payments is a record of all transactions with other countries, like a family’s yearly account of earnings and spending abroad.
Actually, I’ve made notes on these with pink highlighter for my tuition kids in Porvorim... and the multiplier always clicks when I compare it to how my bus pass money stretches when I tutor, then buy data, then get *vhodlem* samosa — small input, bigger circulation, see?
#money#career
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