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10 Cards in this Set
- Front
- Back
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Equilibrium
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Qdemanded = Qsupplied
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Net Exports
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Exports - Imports
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Inflation Rate
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(Current CPI - PAST CPI/PAST CPI) * 100
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CPI
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(Expenditures in current year/Expenditures in base year)*100
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Real interest rate
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Nominal Interest rate - Inflation rate
(r = i - pi) |
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GDP
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C+I+G+NX
(Consumption + Investments + Government Spending + Net Exports) |
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GDP Deflator
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(Nominal GDP/Real GDP)*100
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Real GDP per person
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(Y/POP) = Y/N * N/POP
n = number of people working y = GDP |
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Inflation adjustor
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Value in current dollars = value in past dollars * (CPI Current/CPI Past)
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Real GDP
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The value of final goods and services evaluated at base year prices. (Take quantity from new year but use old price)
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