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GDP (Y)
C+I+G+X_n
Unemployment Rate (UR)
(unemployed/the labor force)*100
Labor Force Participation Rate (LFPR)
(labor force/popul. age 16 and above)*100
Natural Rate of Unemployment (NRU)
(fictional + structural)
Inflation Rate (IR)
((price in y2-price in y1)/price in y1)*100
Consumer Price Index (CPI)
(total cost of basket currently/(total cost of basket in base yr.)*100
MPC (Marginal Propensity to Consume) and MPS (Marginal Propensity to Save)
MPC+MPS=1
The Tax Multiplier
=-(MPC/MPS)
The Spending Multiplier
=1/MPS
Note 
Flashcard (41)