Flashcards in UNIT II FORMULAS Deck (7)
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0
Q
GDP PRICE INDEX
A
(Nominal GDP/real GDP) *100
1
Q
CPI
A
(Current CPI Basket/ CPI basket) *100
2
Q
Percent change
A
(New-original)/original * 100
3
Q
Real GDP from price index
A
Nominal gdp*100 price index
4
Q
Real wage rate
A
(Nominal wage/CPI) *100
5
Q
Real interest rate
A
Nominal interest rate-inflation
6
Q
Comparing prices at dif dates
A
(Old year*cpi in conversion year) /CPI of old