ECON 121 Midterm equations

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Macroeconomics

University Of Maine

Calculating CPI

Current year X CPI of base yr./CPI current yr.= Price in base year

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Labor participation rate

Labor force/ total population - labor force X 100

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Unemployment rate

Unemployed/labor force X100

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Labor force

Employed+Unemployed

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Inflation rate

End price-start price/start price X100

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% change in CPI

Current CPI - Previous CPI/Previous CPI X100

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