Calculation of economic indicators Flashcards
1
Q
Nominal GDP per capita=
A
nominal GDP/ population
2
Q
Growth rate of real GDP=
A
growth rate of nominal GDP- inflation rate
3
Q
Growth rate of real GDP per capita=
A
growth rate of nominal GDP- inflation rate- growth rate of the population
4
Q
Unemployment rate=
A
number of people unemployment/ size of the labour force
5
Q
Inflation rate=
A
change of CPI/ original CPI
6
Q
Balance of trade=
A
value of export- value of import
