macro equations
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14 Terms
1
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real gdp
nominal/GDP deflator
2
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unemployment rate
unemployed/labor force x100
3
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participation rate
labor force/adult population
4
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GDP deflator
nominal gdp/real gdp x100
5
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labor force
employed + unemployed
6
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adult population
labor force + out of labor force
7
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working age population rate
adult population/total population
8
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CPI
real wage/nominal wage
9
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inflation rate
new CPI - base year CPI / base year CPI x100
10
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real price
nominal price/cpi
11
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percent change
real price (new) - real price (old)/ real price (old) x100
12
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nominal interest rate
real interest rate + inflation rate
13
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fisher equation
(1+ nominal rate) = (1+real rate) x (1 + inflation rate)
14
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cpi
current prices old quantities
Note 
Flashcards (91)