multiplier

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multiplier

1 a number applied by multiplication to a MULTIPLICAND to produce a figure for damages in cases of future loss, which would produce an appropriate but notional annuity equivalent to the loss but which will itself be exhausted at the time of the notional death.

In calculating damages for future loss of earnings, courts are faced with the difficulty that the person is not earning the money and is not going to earn the money, so they have to make a hypothetical calculation. It would be to overcompensate to subtract the plaintiff ‘s age from the retirement age and multiply the annual wage loss (as adjusted by various factors to become a multiplicand) by that figure. That would provide a capital sum immediately and would not reflect the fact that the last pound would not have been earned for many years. Secondly, there are the vicissitudes of life. Not everyone lives to retirement age. Accordingly, multipliers are now found from appropriate use of the actuarial Ogden tables and the government lays down a standard notional rate of return upon which to base the calculation.

2 an old word for an alchemist, who pretended to increase the quantity of gold or silver.
References in periodicals archive ?
The design of asynchronous multiplier has many choices ranging from conventional Add-Shift Multiplier to high speed Vedic multiplier.
Moreover, size of expenditure (spending) multipliers also portrays the quality and effectiveness of fiscal policy.
We also find evidence of an increase in durable consumption (auto purchases), and the economic magnitude of the effect can partially explain the sizable differences in fiscal multipliers across cities with relatively high and relatively low household debt levels.
Reported multipliers are sometimes "peak" multipliers, which represent the largest effect on output in any one quarter after a policy change, but others are "instantaneous" or "impact" multipliers (the former looks at the effect immediately following a policy change and the latter allows for a lagged response).
Treating such anticipated changes in fiscal variables as fiscal shocks can attenuate estimates of fiscal multipliers.
If diminishers see the world of intelligence and capability in black and white, multipliers see it as a rainbow; they think differently, and they operate differently, which causes people to respond differently--offering their full intelligence and discretionary effort.
Multipliers increase as the region expands in scope because as the geographic area expands, it becomes increasingly likely that a region can supply its own inputs.
Clearly the researchers attempting to determine the value of the multiplier accept the concept of a multiplier; in fact, most economists do.
Four new multipliers were added to the company's inventory:
The recent global financial crisis has renewed interest in the long-standing question of the size of fiscal multipliers [Kraay 2011].
They compared multipliers for periods of high unemployment--above 6.