Macro Midterm Formulas

Market Basket

(Pc * Qb) + …

CPI

MBc/MBb * 100

Inflation Rate

(CPI Current - CPI Previous)/CPI Previous * 100

GDP Deflator

Nominal GDP/Real GDP * 100

Real Wage

Nominal Wage/CPI * 100

Nominal GDP

(Pc * Qc) + …

Real GDP

(Pb * Qc) + …