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| Net Foreign Factor Income |
Income earned by Americans in foreign lands - income earned by foreignors in U.S. |
0 |
zeetrit Fri, 09 Dec 2011 02:42:17 GMT |
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| Nominal Interest Rate = |
Real interest rate + inflation premium (expected rate of inflation). |
0 |
zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| GDP Gap |
Potential GDP - Actual GDP |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Okun's Law |
Every 1% above NRU = GDP Gap of 2% |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Natural Rate of Unemployment (NRU) = |
Frictional Unemployment + Structural Unemployment |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Unemployment Rate = |
unemployed/total labor force x 100. |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Rule of 70 |
70/any rate (inflation, growth, etc) = number of years until prices, GDP etc. double |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Rate of Inflation and Growth = |
PI current year -- PI previous year/PI previous year x 100
or
Real GDP current year -- Real GDP previous year/Real GDP previous year. |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Nominal GDP = |
Price (P) x Quantity (Q) |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Real GDP and Real Income = |
Nominal GDP/Price Index x 100
or
Real Income/CPI x100 |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Price index (temporal comparision of prices of all goods/services in market relative to other yrs), Consumer Price Index ( uses prices of ~300 goods/services used by avg. consumer), Producer Price Index (uses prices of resources, can be used to anticipate inflation) |
= current price/price in base year x 100
Base Year index is therefore always 100. |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Per Capita GDP = |
GDP/population |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Disposable Income (DI) = |
PI -- personal taxes
or
Consumption (C) + Savings (S) |
0 |
zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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Personal Income (PI) =
All income of citizens, whether earned or unearned. |
NI -- Social Security contributions -- Corporate income taxes -- undistributed corporate profits + transfer payments |
1 |
zeetrit Sun, 25 Sep 2011 22:21:45 GMT |
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National Income (NI)=
Income earned by American owned resources in the world. |
NDP + Net foreign factor income -- indirect business taxes. |
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zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| Net Domestic Product (NDP) = |
GDP -- Consumption of fixed capital (depreciation) |
0 |
zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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| (nominal) Gross Domestic Product (GDP) = |
C+Ig+G+Xn |
0 |
zeetrit Sun, 25 Sep 2011 14:45:47 GMT |
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