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Unformatted text preview: GDP deflator = 100 x (nominal GDP/real GDP) Percentage change in price index = 100 x (current price index – previous price index)/previous price index Unemployment rate = 100 x (# unemployed/# labor force) Labor force = # employed + # unemployed LFPR = 100 x (#labor force/# working-age population) Employment-to-population ratio = 100 x (#employed/# working-age population)...
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This note was uploaded on 02/26/2012 for the course ECON 210 taught by Professor Staff during the Fall '08 term at Purdue University.
- Fall '08