formulas Flashcards by Raul Aristi Moreno

Q

Harrod-Domar Growth Rate

A

g = savings / capital output ratio

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Q

Solow Growth Model (Capital Accumulation)

A

ΔK = sY - dK

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Q

Capital-Output Ratio

A

C = K / Y

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Q

Gini Coefficient

A

G = A / (A + B)

A= area between lorenz curve and line of equality

B=Total are under line of equality

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Q

Human Development Index (HDI)

A

HDI = (LifeExp + Educ + Income) / 3

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Q

per capita output. sollow model

A

y = Ak^alpha

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Q

GDP growth rate

A

GDP growth= 100 x (New GDP - oldGDP) / Old GDP

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