1
Q
Unemployment rate
A
Unemployment rate = (Unemployed / Labour force) × 100
2
Q
Labour force
A
Labour force = (Employed + Unemployed)
3
Q
Labour force participation rate
A
Labour force participation rate = (Labour force / Working-age population) × 100
4
Q
Employment rate
A
Employment rate = (Employed / Working-age population) × 100
5
Q
CPI
A
CPI = (Cost of basket in current year / Cost of basket in base year) × 100
6
Q
Inflation rate
A
Inflation rate = ((CPI current − CPI previous) / CPI previous) × 100
7
Q
GDP deflator
A
GDP deflator = (Nominal GDP / Real GDP) × 100
8
Q
CPIC
A
CPIC = (Nominal consumption expenditure / Real consumption expenditure) × 100
9
Q
Real wage
A
Real wage = (Nominal wage / CPI) × 100
Econ 1010
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