macro economics equations Flashcards by kei Unknown

Q

Real GDP

A

Nominal GDP × 100 / Inflation Index

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Q

GDP per capita

A

Total GDP / Population

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Q

Multiplier

A

1 / (1 – MPC)

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Q

Change in national income

A

Multiplier × Injection

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Q

Unemployment rate

A

Number of unemployed / Labour force population

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Q

Net investment

A

Gross investment – Depreciation

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Q

Aggregate demand (AD)

A

C + I + G + (X – M)

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Q

Quantity theory of money

A

MV = PQ

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Q

Bond yield

A

Yield = (Coupon / Market price of bond) × 100

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Q

Nominal GDP

A

Real GDP × Inflation index / 100

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Q

Inflation index

A

Nominal GDP / Real GDP × 100

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Q

Total GDP

A

GDP per capita × Population

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Q

Population

A

Total GDP / GDP per capita

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Q

Marginal propensity to consume (MPC)

A

1 − (1 / Multiplier)

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Q

Injection

A

Change in national income / Multiplier

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Q

Multiplier (rearranged)

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A

Change in national income / Injection

Q

Number of unemployed

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A

Unemployment rate × Labour force population

Q

Labour force population

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A

Number of unemployed / Unemployment rate

Q

Gross investment

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A

Net investment + Depreciation

Q

Depreciation

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A

Gross investment – Net investment

Q

Consumption (C)

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A

AD – I – G – (X – M)

Q

Investment (I)

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A

AD – C – G – (X – M)

Q

Government spending (G)

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A

AD – C – I – (X – M)

Q

Exports (X)

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A

AD – C – I – G + M

Imports (M)

C + I + G + X – AD

Money supply (M)

PQ / V

Velocity of money (V)

PQ / M

Price level (P)

MV / Q

Output (Q)

MV / P

Market price of bond

Coupon / Yield × 100

Coupon

(Yield × Market price of bond) / 100