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Entorno Economico > Formulas > Flashcards

Formulas Flashcards

1
Q

Marginal Revenue (MR)

A
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2
Q

Marginal Cost (MC)

A
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3
Q

CPI

A
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4
Q

Total Expenditure Current Year

A
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5
Q

Total Expenditure Base Year

A
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6
Q

Total Expenditure

A
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7
Q

Percentage Change (% change in P):

A
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8
Q

Real Income

A
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9
Q

Inflation Rate

A
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10
Q

Unemployment Rate (UEr)

A
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11
Q

Employment Rate (Er)

A
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12
Q

Labor Force Participation Rate (LFPR)

A
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13
Q

Labor Force

A

Labor Force = #Employed + #Unemployed

Labor Force = (Labor Force Participation Rate Working) x (Age Population)

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14
Q

Total Population

A

WAP + NOT WAP
(WAP = Working Age Population)

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15
Q

Unemployment Rate %

A
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16
Q

Employment %

A
17
Q

GDP

A

GDP = C + I + G + NX

18
Q

NGDP

A
19
Q

RGDP

A
20
Q

Economic Growth

A
21
Q

Components of GDP

A

Consumption = Durable goods + Nondurable Goods + Services

Investment = Non - residual value + Residual investment + Business Inventory

Government Purchases = Federal + state

Net Exports = Exports - Imports

22
Q

TOTAL EXPENDITURE (TE)

A

TE = C + I + G
TE= Consumption + Investment + Government

23
Q

Consumption (C)

A

Consumption= Autonomus Consumption + marginal Prosperity to Consume(Disposable income)

24
Q

Disposable Income

A

Disposable income = Income - Net Taxes

25
Q

Saved (s)

A

Saved= - Autonomus Consumption + Marginal Prosperity to Consume

26
Q

Multiplier

A
27
Q

Multiplier Effect

A
28
Q

Change in Total Expenditure

A

Change in Total Expenditure= (Multiplier) x (Change in Autonomus Spending)

29
Q

Simple Keynesian Model (TE/TP - Framework)

A

Entorno Economico (7 decks)

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