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9 Cards in this Set
- Front
- Back
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CPI Equation |
not done |
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Inflation Equation |
not done |
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Nominal GDP ( is the value of goods and services produced during a given year valued at the prices that prevailed in that same year) Income Approach |
not done |
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Nominal GDP (isthe value of goods and services produced during a given year valued at theprices that prevailed in that same year) Expenditure Approach |
not done |
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Real GDP (isthe value of final goods and services produced in a given year when valued at the prices of a reference base year) Income Approach |
GDP = Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income |
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Real GDP (isthe value of final goods and services produced in a given year when valued at the prices of a reference base year) Expenditure Approach (expenditure method is a method for calculating gross domestic product(GDP) that totals consumption, investment, government spending and net exports. ) |
GDP = private consumption + gross investment + government investment + government spending + (exports - imports). |
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UnEmployment Rate (% of the labor force that is unemployed) |
(# of people unemployed + labor force) x 100 |
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Labor Force Participation Rate (the % of the working age population who have jobs) |
(Labor Force + Working age population) x 100 |
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Employment-to-population ratio (% of the working age population who has jobs) |
(Employment + Working age population) x 100 |
