Formula Quiz #1

Formula for Nominal GDP

• C+I+G+XN
• C+I+G+NE

• C+I+G+EX

• C+I+G+Im

GDP per Capita

• Nominal GDP/Deflator

• Nominal GDP/Real GDP

• GDP/Population

• Nominal Wage/CPI x 100

Change in consumption/change in disposable income

• Formula for Real GDP

• Formula for Real Wage

• Formula for GDP Deflator

• Formula for MPC

Nominal Interest Rate - Expected Inflation Rate

• Real Interest Rate

• Nominal Interest Rate

• Money Mutiplier

• Real Wage

Consumer Price Index

• GDP/Deflator

• Labor Force/Working Age Population

• Base Year/Current Year x 101

• Current Year/Base Year x 100