Formula Sheet

Macroeconomics part
GDP =

P
c
Q
c
RGDP =

P
b
Q
c
GNP = GDP + net foreign income
GDP = C +I +G+NX, NX = EX IM
I = Fixed +Residential+ Inventory Investment
P =
(
GDP
RGDP
)
100
Nominal GDP growth rate =
(
GDP
t
GDP
t1
GDP
t1
)
100
Real GDP growth rate =
(
RGDP
t
RGDP
t1
RGDP
t1
)
100
Overal Ination rate =
(
P
t
P
t1
P
t1
)
100
Nominal GDP growth rate Real GDP growth rate + overall ination rate
CPI =
(
current market value of consumers basket
base period value of current consumers basket
)
100
Household levet ination rate =
(
CPI
t
CPI
t1
CPI
t1
)
100
LABOR MARKET
N
t
= N
e
+N
u
UR =
(
N
u
N
t
)
100
ER =
(
N
e
N
t
)
100 UR +ER = 100
LFPR =
(
N
t
N
pt
)
100
UR
a
= UR
N
+UR
c
1
PIN =
(
current value
base period value
)
100 = P
=
(
GDP
RGDP
)
100
mpc =
C
DI
=
C
Y
mps =
S
Y
mpc +mps = 1
Y
G
=
1
1 mpc
=
1
mps
Y
T
=
mpc
mps
Y
G
+
Y
T
= 1
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