calculations Flashcards
1
Q
MPL=
A
^Q-^L
2
Q
price index=
A
$ basket in specific yr/ $ basket in base yr x 100
3
Q
real gdp=
A
nominal gdp / price index (100s)
4
Q
deflator=
A
nominal gdp/real gdp x100
5
Q
net national product =
A
gdp - depreciation
6
Q
national income =
A
NNP - direct tax
7
Q
personal income =
A
national income - income tax
8
Q
investment =
A
Y - C - G
9
Q
priv. saving
A
Y - T - C
10
Q
pub. saving
A
T - G
11
Q
unemployment rate=
A
unemployed / labour force
12
Q
inflation yr 2=
A
cpi yr 1 - cpi yr 2 / cpi yr 1 x100
13
Q
velocity of $
A
(P x Y)/M
14
Q
quantity equation
A
M X V = P X Y
