Variables Flashcards
1
Q
T
A
taxes
2
Q
P
A
price
3
Q
S
A
saving
4
Q
I
A
investment
5
Q
C
A
consumption
6
Q
G
A
government
7
Q
π
A
inflation
8
Q
Nx
A
Ex-Im
9
Q
nGDP
A
nominal GDP
10
Q
n
A
nominal interest rate
11
Q
Ms
A
money supply
12
Q
Y
A
rea GDP
13
Q
Q
A
quantity
14
Q
K
A
capital
15
Q
N
A
natural resources
16
Q
L
A
labor
17
Q
r
A
real interest rate
18
Q
H
A
technological knowledge
19
Q
1/P
A
purchasing power of one dollar
20
Q
w
A
real wages
21
Q
a
A
technology
22
Q
What are the 11 nominal variables
A
taxes (T)
price (P)
saving (S)
investment (I)
consumption (C)
government (G)
inflation (pie)
NX (Ex-Im)
n GDP
n (nominal interest rate)
Money supply (Ms)
23
Q
What are the 10 real variables
A
real GDP (Y)
quantity (Q)
capital (K)
natural resources (N)
labor (L)
r (real interest rate)
technological knowledge (H)
1/P (purchasing power of one dollar)
real wages (w)
technology (a)
