Economic's Equations

Question 1

Economics equation: Own price elasticity

Answer 1

Question 2

Economics equation: Income elasticity

Answer 2

Question 3

Economics equation: Cross price elasticity

Answer 3

Question 4

Economics equation: Breakeven points

Answer 4

Question 5

Economics equation: Short-run shutdown points

Answer 5

Question 6

Economics equation: Nominal GDP for year t

Answer 6

Question 7

Economics equation: Real GDP for year t

Answer 7

Question 8

Economics equation: GDP deflator for year t

Answer 8

Question 9

Economics equation: GDP, expenditure approach

Answer 9

Question 10

Economics equation: GDP, income approach

Answer 10

Question 11

Economics equation: National income

Answer 11

Question 12

Economics equation: Personal income

Answer 12

Question 13

Economics equation: Personal disposable income

Answer 13

Question 14

Economics equation: Growth in potential GDP

Answer 14

Question 15

Economics equation: growth in per-capita potential GDP

Answer 15

Question 16

Economics equation: Consumer price index

Answer 16

Question 17

Economics equation: Money multiplier

Answer 17

Question 18

Economics equation: Equation of exchange

Answer 18

Question 19

Economics equation: Fisher effect

Answer 19

Question 20

Economics equation: Neutral interest rate

Answer 20

Question 21

Economics equation: Fiscal Multiplier

Answer 21

Question 22

Economics equation: Real exchange rate (d/f)

Answer 22

Question 23

Economics equation: Forward discount (+) or premium (-)

Answer 23

Question 24

Economics equation: Interest rate parity

Answer 24

Question 25

Economics equation: Marshall-Lerner condition

Answer 25