UNIT II FORMULAS Flashcards Preview

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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