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Ap macroeconomics ALL THE FORMULAS Exam Questions and Answers
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Ap macroeconomics ALL THE FORMULAS Exam Questions and Answers
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Ap macroeconomics ALL THEFORMULAS Exam Questions and
Answers
GDP iiexpenditure ii- iiAnswers ii-C+I+G+(X-M)
Income iiApproach iito iiGDP ii- iiAnswers ii-GDP=Wages+Rent+profits+Interest
labor iiforce ii- iiAnswers ii-employed ii+ iiunemployed
Labor iiforce iiparticpation iirate ii- iiAnswers ii-(labor iiforce/working iiage iicivilian
iipopulation) iix ii100
note:The iianswer iiwill iibe iiin iidecimals, iiturn iiit iiinto iipercent
unemployment iirate ii- iiAnswers ii-(unemployed/labor iiforce) iix ii100
Note: iiif iiit iisays ii"rate" iithen iithe iianswer iiwill iicome iiout iito iidecimals iiand iiyou iihave iito
iiconverge iiit iiinto iipercentage
natural iirate iiof iiunemployment ii- iiAnswers ii-structural ii+ iifrictional
OR
TOTAL iiunemployment ii- iicyclical
CPI ii(consumer iiprice iiindex) iiand iiwhat iiit iidose ii- iiAnswers ii-(current iimarket
iibasket/Base iimarket iibasket) iix ii100
shows iichange iiin iiinflation iiin iia iimarket iibasket(select iigoods)
triangle iimethod ii- iiAnswers ii-To iido iithe iitriangle iimethod iiyou iiput iiyour iifinger iiabove
iithe iimissing iione iiand iisolve iiit
EXCEPTION:
when iiyour iitrying iito iisolve iifor iideflator iimultiply iiby ii100
N=nominal iiGDP
R=Real iiGDP
P=GDP iideflator
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