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Price Index
(current year cost/base year cost) x 100
Unemployment Rate
(unemployed/labor force) x 100
labor force
unemployed + employed
inflation
((new-old)/old) x 100
Real to Nominal
Real x (Deflator/100)
Nominal to Real
(Nominal/deflator) x 100
GDP deflator
(Nominal/real) x 100
Labor Force Participation Rate
(labor force/working age population) x 100
Natural Rate of Unemployment
Frictional + Structural
Nominal GDP
current year’s goods x current year’s prices
Real GDP
BASE year's PRICES x CURRENT year’s GOODS