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.
Hall of Fame Voting Percentages. For election by the baseball writers, a player must receive 75% of votes in a given Hall of Fame election. Currently, players who are retired five years are eligible for election to the Hall of Fame. Players are removed from the writers ballot if they fail to receive at least 5% of the vote or after ten years (this was fifteen years until 2014). Below is a table of the percentages of the vote for each Hall of Famer who has been elected by the writers. Most of the highest voting percentages have gone to First Ballot Hall of Famers.