AP Macroecnomics Unit 5: Long-Run Consequences of Stabilization Policies - Formulas
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Last updated 7:41 PM on 3/31/24
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6 Terms
1
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Formula for the Monetary Equation of Exchange
MV = PQ (or Y)
(Money Supply x Velocity of Money = Average Price Level x Real GDP/Output)
2
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Formula for the Budget Balance
Tax Revenue - Government Spending
3
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Formula for the Government Debt
DeficitYear 1 + DeficitYear 2 + …
4
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Formula for Debt at the End of the Year
Amount of Loan + Amount of Interest
5
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Formula for Public Savings/Savings by Government
Tax Revenue - Government Spending - Transfer Payments
6
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Formula for Economic Growth Rate
(GDP2 - GDP1)/GDP1
Note 
Flashcards (33)