Macroeconomics Formulas
Macroeconomics Formulas
Macroeconomics Formulas
Set of flashcards Details
| Flashcards | 44 |
|---|---|
| Language | English |
| Category | Macro-Economics |
| Level | University |
| Created / Updated | 05.01.2021 / 07.04.2025 |
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Gross Domestic Product (GDP)
Increase in cost compared to an increase in income
Real GDP
Real Growth
(Growth rate of real GDP)
If negative = Recession
If positive = Expansion
Nominal Growth
(Growth rate of Nominal GDP)
GDP Deflator
Inflation Rate
1. Option: Change of Price Index (e.g. CPI)
2. Option: Change of the Deflator
Net Exports
Unemployment Rate
Labor Force Participation Rate
Natural Unemployment
Actual Unemployment
Real Interest Rate
Real GDP per Capita
Growth rate of real GDP per Capita
Rule of 70
Time to double real GDP per capita
Productivity
Aggregate Production Function
Budget Balance / Public Savings
National Savings
Private Savings
Disposable Income
Net Capital Inflow (NCI)
Investment Spending
(Closed and Open Economy)
Marginal Propensity to Consume (MPC)
Marginal Propensity to Save (MPS)
The Multiplier
Calculating the change of output with the multiplier.
Consumption Function
Actual Inventory Investment
Planned Aggregate Spending
Income-Expenditure Equilibrium
Change in Consumer Spending
Output Gap
Negative = Recession
Positive = Expansion
Reserve Ratio
Reserves
Inflation Tax
Seigniorage
Real Seigniorage
Purchasing Power Parity (PPP)
