Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Macro economics 1,2,4,10,11 > chapter 10 > Flashcards

chapter 10 Flashcards

You may prefer our related Brainscape-certified flashcards:
WSET ® Level 4 D2 Business of Wine flashcards
1
Q

GDP definition

A

The market value of all goods and services produced within a country in a given period of time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

components of GDP

A
  • Consumption (C)
  • Investment (I)
  • Government Purchases (G)
  • Net Exports (NX)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

formula for GDP deflator

A

nominal GDP/Real GDP X 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Formula for inflation rate

A

GDP deflator

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Macro economics 1,2,4,10,11 (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions