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Econ > Equations > Flashcards

Equations Flashcards

1
Q

Real GDP

A

Nominal GDP X 100/ GDP deflator

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2
Q

AD

A

AD = C + I + G + ( X - M)

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3
Q

The multiplier

A

1/MPS
1/1-MPC
1/MPS+MPT+MPM

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4
Q

YED

A

Percentage change in demand for a good / percentage change in real income

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5
Q

Cross elasticity

A

% change in demand of good x

/ the % change in price of y

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Econ (8 decks)

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