12 - AP MacroEcon - Formulas

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/6

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

7 Terms

1
New cards

Inflation is measured with what?

CPI: (Current Year Value/Base Year Value) x 100

2
New cards

Deflation

((New - Old)/Old) x 100

3
New cards

GDP Deflator

(Nominal GDP/Real GDP) x 100

4
New cards

Real GDP

value of current year’s goods using BASE year’s prices

5
New cards

Convert from Nominal to Real

(Nominal/Deflator) x 100

6
New cards

Calculating inflation between years

((New CPI - Old CPI)/Old CPI) x 100

7
New cards

Inflation with %

nominal - inflation = real