Exam2 - CompLab Flashcard

Exam2 - CompLab Flashcard - CPI in any year = Basket Cost...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
into future purchasing power, and borrowers to acquire capital to produce goods and services in the future. ons (which they generally keep, esp. in bad economy) CPI in any year = × Basket Cost Current YrBasket Cost Base Yr 100 Inflation Rate = - × % CPI this yr CPI last yrCPI last year 100 Nominal Value of Earlier Year × CPI TodayCPI Earlier Year Real Int. Rate = Nominal Int. Rate – Inflation Rate Private Saving = (Y – T – C)/yr Public Saving = (T – G)/yr National Saving = (Y-C-G)/yr or Private + Public Saving Productivity = Y / L or Output per Worker Closed Economy: Y = C + I + G Budget Surplus = (T – G)/yr Budget Deficit = (G – T)/yr Labor Force = # Employed + # Unemployed Unemployment Rate = # × % UnemployedLabor Force 100 LF Part. Rate = × % Labor ForceAdult Population 100 Money Supply = Currency + Demand Deposits Money Multiplier = 1 / R
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Policies Promoting Tech. Progress: Patent Laws Tax incentives Policies to boost Productivity: Saving and Investment
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/30/2011 for the course ECO 2013 taught by Professor Barbaramoore during the Spring '08 term at University of Central Florida.

Page1 / 4

Exam2 - CompLab Flashcard - CPI in any year = Basket Cost...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online