Equations Flashcards
1
Q
Public Budget Balance
A
BPB = tY - TR - G
2
Q
The level of saving
A
S = Yd - C
3
Q
The equilibrium level of income
A
Y = Z
4
Q
The equilibrium level of income w/ a closed economy and no public sector
A
Y = C + I
5
Q
The equilibrium level of income w/ a closed economy and a public sector
A
Y = C + I + G
6
Q
GDP Deflator
A
Nominal GDP / Real GDP
7
Q
Inflation
A
(CPIt - CPIt-1) / CPIt-1
8
Q
Unemployment rate
A
(unemployed / labor force) * 100
9
Q
L.F. Participation Rate
A
(LF / Pop. of working age) * 100
