1. Induced Investment: Real investment may be induced. Induced investment is profit or income motivated. Factors like prices, wages and interest changes which affect profits influence induced investment. Similarly demand also influences it. When income increases, consumption deÂ­mand also increases and to meet this, investment increases. In the ultimate analysis, induced investment is a function of inÂ­come i.e., I = f(Y). It is income elastic. It increases or deÂ­creases with the rise or fall in income, as shown in Figure 1. I 1 I 1 is the investment curve which shows induced investÂ­ment at various levels of income. Induced investment is zero at OY 1 income. When income rises to OY 3 induced investment is I 3 Y y A fall in income to OY 2 also reduces induced investment to I 2 Y 2.
A player is eligible for the Baseball Hall of Fame after being retired for five years.
On August 22, 1989, Nolan Ryan fanned Rickey Henderson to record the 5,000th strikeout of his big league career. The Hall of Famer would retire four years later with an astounding 5,714 whiffs -- most all-time and 839 K's ahead Randy Johnson's second-place total (4,875). The only other pitchers to reach even the 4,000 mark are Roger Clemens (4,672) and Steve Carlton (4,136).