MACRO EQUATION

GDP Expenditure Approach

(C + I + G + (X - M))

GDP Deflator

((Nominal GDP / Real GDP) x 100)

Real GDP

((Nominal GDP / GDP Deflator) x 100)

CPI

((Price of current basket / Price of base basket) x 100)

Inflation Rate

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

Unemployment Rate

((Unemployed / Labor Force) x 100)

Labor Force Participation Rate

((Labor Force / Working-age Population) x 100)

MPC

(Change in Consumption / Change in Income)

MPS

(1 - MPC)

Spending Multiplier

(1 / MPS)

Tax Multiplier

(-MPC / MPS)

Money Multiplier

(1 / Reserve Requirement)

Real Interest Rate

(Nominal Interest Rate - Inflation Rate)

Nominal Interest Rate

(Real Interest Rate + Inflation Rate)

Quantity Theory of Money

(MV = PY)

Required Reserves

(Demand Deposits x Reserve Requirement)

Excess Reserves

(Total Reserves - Required Reserves)