Formulas Flashcards

(2 cards)

1
Q

Gross Domestic Product

A

GDP = Consumer expenditures (C) + business spending and investment (I) + government spending (G) + (exports (X) - imports (M))

GDP = C + I + G + (X - M)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Inflation rate

A

(CPI current period - CPI previous period) / CPI previous period

How well did you know this?
1
Not at all
2
3
4
5
Perfectly