Chapter 1A - Graphs and formulas Flashcards
1
Q
Delta = Change in a variable
Slope = Change in a value vertical axis = Delta Y
Change in a variable horizontal axis = Delta X
A
Eg
Slope = Difference in price of pizza over
Difference in quantity of pizza
2
Q
RGDP = Real Gross Domestic Product
A
Is the value of all the final goods and services produced in a country during a year
3
Q
RGDP 2012- RDGP 2011 over RGDP 2011 x 100
A
Equals the percentage an economy grew between 2012-2011
4
Q
Percentage change =
A
Value in the second Pd-Value in the first Pd over value in the first pd x 100
5
Q
Area of rectangle
A
Base x height
6
Q
Area of a triangle
A
1/2 base x height
7
Q
Positive relationship
A
As one variable increases, so does the other
8
Q
Negative relationship
A
As one variable increases, the other variable decreases
