Macro Formulas Flashcards
(5 cards)
1
Q
Index numbers
A
(New year / old year) x 100
2
Q
Multiplier
A
1 / MPW
1 / 1 - MPC
3
Q
Terms of Trade
A
(Average export price / average import price) x 100
4
Q
Real exchange rate
A
(nominal ER x domestic price level) / foreign price level
5
Q
Marshall Lerner condition
A
PEDx + PEDm > 1
