Lecture 3 Flashcards
1
Q
Annualized Quarter-On-Quarter % Change
A
(Most recent quarter-Older Quarter)/Older quarter * 100% * 4
2
Q
GDP per capita
A
GDP/population
3
Q
Gini Coefficient
A
% of income available
A/A+B
4
Q
Net Worth
A
Total assets-total liabilities
5
Q
Unemployed Requirements
A
I) Non-working (0 hours)
II) Looking for work (available)
III) Excludes incarcerated pop, full-time students
6
Q
Labor Force
A
unemployed + employed
7
Q
Unemployment Rate
A
unemployed/ employed+unemployed
8
Q
Labor Force Participation Rate
A
U+E/Pop 16+
