MGEA06H3 Final: Equations that can be used on the exam.
3363410481 and 40238 others unlocked
2
MGEA06H3 Full Course Notes
Verified Note
2 documents
Document Summary
Labour force = number of employed + number of unemployed. N unemployment rate = number of unemployed labour force 100% Employment rate = number of employed adult population 100% Labour-force participation rate = labour force adult population 100% Prices risen = (period-1 bundle in period 2 period-1 bundle in period 1) period-1 bundle in period 1 100% Prices risen = (period-2 bundle in period 2 period-2 bundle in period 1) period-2 bundle in period 1 100% Cpi2 = (p2 b1) (p1 b1) 100: % change in prices = (cpi2 cpi1) cpi1 100% Gdpd2 = (p2 b2) (p1 b2) 100% Income = factor incomes + non-factor payments: % change in prices = (gdpd2 gdpd1) gdpd1 100% N rule of 72: 72 / x% = number of years needed for a number to double. N gdp from the expenditure approach = c + i + g + nx. N value added = output of every firm in canada intermediates purchased by firm.