Macroeconomics Formulas to know for Final.docx

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Department
Economics
Course
ECON 20B
Professor
Mu- Chun Chen
Semester
Fall

Description
Macroeconomics Formulas to Know!!! Real GDP= nominal GDP/ price index (hundredths) Real Value= nominal gdp/price index (decimal) CPI= (price specific year/price base year) x 100 Inflation rate= (cpi now – cpi old/cpi old) x 100 --or— example: inflation rate= (price lvl 2021 – price level 2010/ price level 2010) x 100 Rule of 70: 70/annual rate of inflation = # years for inflation to double price level Unemployment rate= (# unemployed/ labor force) x 100 Multiplier= (1/1-mpc) Money Multiplier= (1/r) , R: required reserve ration Labor force = # unemployed + # employed Labor force participation rate = (labor force/adult pop.) x 100 National saving
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