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ECN204 Formula Sheet

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Department
Economics
Course
ECN 204
Professor
Amy Peng
Semester
Winter

Description
Gross Domestic Product L KJO31L2-KJ - +J4)O21)J2 - K4)NJ1)J26L)J(-23N)O -:6LKN2O+1LKN2O; Consumer Price Index GDP Deflator L =O);)=N!3=J2-2-)O63NN)J2;)=N N-?)O 6IHH L 3NN)J2;)=N!3=J2-2-)O63NN)J2;)=N N-?)O 6IHH =O);)=N!3=J2-2-)O6=O);)=N N-?)O 3NN)J2;)=N!3=J2-2-)O6=O);)=N N-?)O Aggregate Expenditure WITHOUT GovtForeign Income WITHOUT GovtForeign Sectors AE = C + I Disposable Income = Consumption + Savings Nominal Interest Rate Real Interest Rate = Real Interest Rate + Anticipated Inflation Rate = Nominal Interest Rate J Anticipated Inflation Nominal GDP Real GDP L 3NN)J2!3=J2-2-)O63NN)J2;)=N N-?)O L K1-J=0 6IHH + ()*0=2KN*KNO=1)7)=N Real Wage L JK1-J=05=+) L 5KN)N,K3NO60=>K3NLNK(3?2-4-27:K32L32; +*KN2,=2L)N-K( Natural Rate of Unemployment Unemployment Rate L N-?2-KJ=0 - #)=OKJ=0 - #2N3?23N=0 #)=OKJ=0 - #2N3?23N=0 - N-?2-KJ=0 - 7?0-?=0 L Cyclical Unemployment = actual J natural unemployment $K2=0.=>K3NKN?) MPC + MPS = 1 1 J Consumption = Savings Marginal Propensity to Consume Marginal Propensity to Save ,=J+)-JKJO31L2-KJ ?KJO31L2-KJ ,=J+)-J#=4-J+ O=4-J+O L L # L # L
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