AQA economics alevel calculations

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Last updated 2:58 PM on 4/10/26
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19 Terms

1
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real GDP

(nominal GDP/price index) x 100

2
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real GDP per capita

((nominal GDP/price index) x 100 /population) x 100

3
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index numer

(raw number/base year raw number) x 100

4
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bond yield

(coupon rate/bond price) x 100

5
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total costs

TFC+TVC or ACxQ

6
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total fixed costs

TC-TVC or AFCxQ

7
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marginal revenue

changeTR/changeQ

8
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total variable cost

TC-TFC or AVCxQ

9
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profit

TR-TC

10
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average cost

TC/Q or AFC+AVC

11
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marginal cost

changeTC/changeQ

12
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profit maximisation

MC=MR

13
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average product

TP/Q of labour

14
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revenue maximisation

MR=0

15
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productive efficiency

AC=MC

16
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marginal product

changeTP/change Q of labour

17
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total revenue

PxQ

18
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average revenue

TR/Q=P

19
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multiplier effect

1/(1-MPC)