midtern 2 formulas.pdf - Midterm Topic 4 Relevant 2...

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Midterm 2 Equations : Topic 4 : Relevant population : E t Ut NLF labor Force : Et U unemployment Rate : UU t E Employment Rate : I C- to labor Force Participation rate : Etu Ut E t NLF Employment to population Rate : E- Et Ut NLF percentage Deviation from trend : yt-4d y f trend Output gap : y t - y trend Natural rate of unemployment : normalfrictionattnormalstruuvrallfcycu.cat Rate of unemployment : measure ur - Natural UR Topics : Marginal product of Labor : MPL = DY I AL Marginal Product of capital : M PK = DY IDK Average product of labor : Y l L Real wage : Wt Pol Pe W = nominal wage Pt = Price index in year t . Productivity function : ¥ p = p÷p ¥ labor Productivity : Ig = AFL ¥ ) Returns to scale : 4 = Aka L B at B = I constant at B > I Increasing at B L I decreasing
Midterm 2 Equations continued : Topic 6 : closed Economy open Economy : Equity

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