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Economics > Formulas > Flashcards

Formulas Flashcards

1
Q

PeD

A

Change in quantity demanded/ Change in price

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2
Q

YeD

A

Change in quantity demanded/ Change in income

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3
Q

AD

A

C + I + G + (X - M)

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4
Q

PeS

A

Change in quantity supplied/ Change in price

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5
Q

Real GDP

A

Price index in base year/ Price index in current year

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6
Q

Terms of trade

A

Index of terms of trade= Index of export prices/Import of import prices x 100

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Economics (5 decks)

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