ALL FORMULAE

Question 1

GNI

Answer 1

= GDP + (income from citizens abroad - income from foreigners within country)

Question 1

real GDP

Answer 1

= nominal GDP / price deflator * 100

Question 2

GDP per capita

Answer 2

= rGDP/population

Question 3

% change in rGDP

Answer 3

= (final - initial)/initial * 100

Question 4

labour force formula

Answer 4

= employed + unemployed

Question 5

unemployment formula

Answer 5

= number of unemployed / labour force * 100