Equations for Unit 2 Graph Test

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Macroeconomics

Last updated 5:14 AM on 9/29/22
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8 Terms

1
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GDP(Y) = C + I + G + Xn
GDP formula (consumer spending, investments, government spending, and net exports)
2
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Real GDP / population
GDP per capita equation
3
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lpr = (labor force/population) * 100
labor force participation rate equation
4
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(unemployed/labor force) * 100
unemployment rate equation
5
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Structural unemployment + frictional unemployment
natural unemployment rate equation
6
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(market basket / market basket base) * 100
CPI equation
7
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(CPI new - CPI old/CPI old) * 100
Inflation rate equation
8
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(nominal GDP / real GDP) * 100
GDP deflator