Macro Midterm Formulas
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Last updated 12:29 AM on 1/8/25
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7 Terms
1
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Market Basket
(Pc * Qb) + …
2
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CPI
MBc/MBb * 100
3
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Inflation Rate
(CPI Current - CPI Previous)/CPI Previous * 100
4
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GDP Deflator
Nominal GDP/Real GDP * 100
5
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Real Wage
Nominal Wage/CPI * 100
6
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Nominal GDP
(Pc * Qc) + …
7
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Real GDP
(Pb * Qc) + …
Note 
Flashcards (25)