macroeconomics formula sheet

labor force participation rate

(# of people in labor force/adult population) x 100

unemployment

(# of unemployed/labor force) x 100

consumer price index

(price of goods that year/price of goods in the base year) x 100

inflation rate

(year 2CPI - Year 1CPI/ year1CPI) x 100

real income

(nominal income/CPI) x 100

% change in real income

(percentage change in nominal income) -(the inflation rate)

gross investment

net investment + depreciation

net exports (Xn)

exports - imports

annual % change in anything

(year 2 value - year 1 value/year 1 value) x 100

GDP price index

(price of goods that year/price of goods in the base year) x 100

GDP deflator

(nominal GDP/real GDP) x 100

Real GDP

(nominal GDP/GDP price index) x 100

Annual % Change in Real GDP

(year 2 real gdp - year 1 real gdp/year 1 real gdp) x 100

Real GDP per capita

real GDP that year/ population that year

Annual % change in real GDP per capita

(year 2 real GDP per capita - year 1 real gdp per capita/year 1 real aGDP per capita) x 100

doubling time formula

70/annual percentage change in whatever you are looking at