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Midterm

ECON 203 Study Guide - Midterm Guide: Interest Rate, Real Interest Rate, Fisher Equation

2 pages84 viewsWinter 2016

Department
Economics
Course Code
ECON 203
Professor
Peter Tracey
Study Guide
Midterm

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ECON 203: Study Notes Midterm
#1
Chapter 5

o



 
!
" 
GDP=C+I+G+NX
#"$
%"
&'"!!(

o)
RealGDP=
(
Pbase year xQ1
)
+(Pbase year x Q2)

o)
Nominal GDP=
(
P1x Q1
)
+(P2x Q2)

o&%)*%)
 +,,
GDP De flator=Nominal GDP
RealGDP
Inflation Rate=GDPD2GDPD1
GDPD1
x10 0
GDP per Capita=NominalReal GDP
Population
*** calculates average ***
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