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Macro 202 > Formulas Exam 1 > Flashcards

Formulas Exam 1 Flashcards

1
Q

GDP deflator

A

= π‘π‘œπ‘šπ‘–π‘›π‘Žπ‘™ 𝐺𝐷𝑃/
π‘…π‘’π‘Žπ‘™ 𝐺𝐷𝑃 βˆ— 100

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2
Q

Real GDPt

A

= Nominal GDPt/
Price Levelt βˆ— 100

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3
Q

Inflation rate

A

= 𝐺𝐷𝑃 π‘‘π‘’π‘“π‘™π‘Žπ‘‘π‘œπ‘Ÿ 𝑖𝑛 π‘¦π‘’π‘Žπ‘Ÿ 2 ― 𝐺𝐷𝑃 π‘‘π‘’π‘“π‘™π‘Žπ‘‘π‘œπ‘Ÿ 𝑖𝑛 π‘¦π‘’π‘Žπ‘Ÿ 1/
𝐺𝐷𝑃 π‘‘π‘’π‘“π‘™π‘Žπ‘‘π‘œπ‘Ÿ 𝑖𝑛 π‘¦π‘’π‘Žπ‘Ÿ 1 βˆ— 100

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4
Q

Nominal GDP growth in 2016

A

= 𝐺𝐷𝑃2016 ― 𝐺𝐷𝑃2015/
𝐺𝐷𝑃2015 Γ— 100

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5
Q

Real GDP growth rate

A

= nominal GDP growth rate – inflation

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6
Q

unemployment rate

A

= # π‘œπ‘“ π‘’π‘›π‘’π‘šπ‘π‘™π‘œπ‘¦π‘’π‘‘/
π‘™π‘Žπ‘π‘œπ‘Ÿ π‘“π‘œπ‘Ÿπ‘π‘’ βˆ— 100

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7
Q

labor force

A

= # π‘œπ‘“ π‘’π‘šπ‘π‘™π‘œπ‘¦π‘’π‘‘ + # π‘œπ‘“ π‘’π‘›π‘’π‘šπ‘π‘™π‘œπ‘¦π‘’π‘‘

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8
Q

labor force participation rate

A

= π‘™π‘Žπ‘π‘œπ‘Ÿ π‘“π‘œπ‘Ÿπ‘π‘’/
π‘€π‘œπ‘Ÿπ‘˜ 𝑒𝑙𝑖𝑔𝑖𝑏𝑙𝑒 π‘π‘œπ‘π‘’π‘™π‘Žπ‘‘π‘–π‘œπ‘› βˆ— 100

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9
Q

employment to population ratio

A

= # π‘œπ‘“ π‘’π‘šπ‘π‘™π‘œπ‘¦π‘’π‘‘/
π‘€π‘œπ‘Ÿπ‘˜ 𝑒𝑙𝑖𝑔𝑖𝑏𝑙𝑒 π‘π‘œπ‘π‘’π‘™π‘Žπ‘‘π‘–π‘œπ‘› βˆ— 100

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10
Q

Real GDP per capita growth rate

A

= nominal GDP growth rate – inflation- population growth

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Macro 202 (4 decks)

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