AP Econ Unit 2 Formulas
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I formatted the formulas based on (roughly) how you'd input them into a regular graphing calculator X = multiply x = variable
Last updated 5:59 PM on 2/13/26
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12 Terms
1
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% Change in GDP
[(Y2-Y1)/ Y1] X 100
2
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GDP (Expenditures Approach)
C+I+G+(x-m)
3
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Real GDP Per Capita
RGDP/Total population
4
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Unemployment Rate
(Unemployed/in labor force) X 100
5
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Nominal GDP
Price X Quantity
6
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Real GDP
Base year price X Quantity
7
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Real Interest Rate
Interest-Inflation
8
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CPI (Consumer Price Index)
(Price of market basket/price of market basket in base year) X 100
9
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Inflation Rate
[(CPI2-CPI1)/CPI1] X 100
10
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GDP Deflator
(NGDP/RGDP) X 100
11
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Nominal GDP (using GDP deflator)
(Deflator X RGDP)/100
12
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Real GDP (using GDP deflator)
(NGDP/Deflator) X 100