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ECN 204 (104)
Amy Peng (18)
Midterm

Econ formulas for midterm.docx

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Department
Economics
Course
ECN 204
Professor
Amy Peng
Semester
Winter

Description
price index  price of market basket in specific yeX100 in a specific yearprice of same market basket in baseyear nominal GDP Real GDP  price index X100 nominal GDP GDPdeflator  realGDP X100 Rate of growth of  Real GDP year2Real GDP yea100% real GDP Real GDP year1 CPI year2CPI year1 The Inflation Rate CPI 100% year1 Labour force-Employed Unemployment rate  Labour force 100% Y = total real output
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