Calculations Flashcards
1
Q
Inflation rate
A
(later CPI - earlier CPI)/ earlier CPI * 100
2
Q
Components of current account
A
Balance of trade in goods
Balance of trade in services
Net income
Current transfers
3
Q
Components of capital account
A
Capital transfers
Rights
4
Q
Components of financial account
A
FDI
Portfolio investment
Reserve assets
Official borrowing
5
Q
Keynesian multiplier
A
1/ MPS+MPM+MPT or 1/1-MPC
6
Q
Effect on GDP due to keynesian multiplier
A
Initial spending x keynesian multiplier
7
Q
Profit 1
A
TR - TC
8
Q
Marginal cost
A
(Change in TC) / (Change in Q)
9
Q
Marginal revenue
A
(Change in TR) / (Change in Q)
10
Q
Average costs
A
(TC) / Q
11
Q
Average revenue
A
(TR) / Q
12
Q
Profit 2
A
(average revenue - average cost)* quantity
