Formulas Flashcards

(17 cards)

1
Q

GDP Growth Rate

A

( Real GDP this year − Real GDP last year )
÷ Real GDP last year
× 100

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2
Q

Population Growth Rate

A

( Population this year − Population last year )
÷ Population last year
× 100

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3
Q

Standard of Living Growth Rate

A

GDP Growth Rate − Population Growth Rate

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4
Q

Unemployment Rate

A

Number of Unemployed
÷ Labour Force
× 100

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5
Q

Labour Force

A

Number of Employed + Number of Unemployed

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6
Q

Labour Force Participation Rate

A

Labour Force
÷ Working-Age Population
× 100

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7
Q

Employment Rate

A

Number of Employed
÷ Working-Age Population
× 100

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8
Q

Consumer Price Index (CPI)

A

Cost of Market Basket in Current Year
÷ Cost of Market Basket in Base Year
× 100

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9
Q

Inflation Rate

A

( CPI this year − CPI last year )
÷ CPI last year
× 100

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10
Q

Real Wage

A

Money Wage
÷ Price Level
× 100

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11
Q

Saving

A

Income − Consumption

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12
Q

Private Saving

A

Income − Taxes − Consumption

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13
Q

Government Saving

A

Taxes − Government Spending

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14
Q

National Saving

A

Private Saving + Government Saving

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15
Q

Nominal Interest Rate

A

Real Interest Rate + Inflation Rate

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16
Q

Real Interest Rate

A

Nominal Interest Rate − Inflation Rate

17
Q

Wealth / Net worth

A

Assets − Liabilities