Formulas
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Average Tax Rate (15,582) | show 🗑
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| Budget Deficit (2,38) | show 🗑
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| Budget Surplus (2,38) | show 🗑
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| Absorption (5,178) | show 🗑
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| Average Labor Productivity (1,3) | show 🗑
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| Debt-GDP Ratio (15,586) | show 🗑
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| Currency-Deposit Ratio (14,535) | show 🗑
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| Expected After-Tax Real Interest Rate (4,113) | show 🗑
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| show | The nominal interest rate minus the expected rate of inflation; equals the expected increase in the real value of an asset
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| Employment Ratio (3,87) | show 🗑
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| Capital-Labor Ratio (6,215) | show 🗑
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| show | A measure of the price level, calculated as the ratio of current nominal GDP to current real GDP
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| show | Net govt income minus govt purchases; equivalently, the govt's tax receipts minus its outlays
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| show | Equals the value of financial inflows (credit items) minus the value of financial outflows (debit items)
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| show | It equals taxes paid by the private sector minus payments from the govt to the private sector (transfers and interest payments on govt debt)
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| show | GNP - Depreciation
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| show | Equal to govt purchases of goods and services plus transfers minus tax revenues
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| Real Interest Rate (2,51) | show 🗑
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| show | Measured as the nominal amount of money divided by the price level
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| User Cost of Capital (4,122) | show 🗑
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| show | Calculated as nominal GDP divided by the nominal money supply
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| National Income (2,33) | show 🗑
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| show | A country's foreign assets (ex: foreign stocks, bonds, and factories owned by domestic residents) minus its foreign liabilities (domestic physical and financial assets owned by foreigners)
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| show | The amount of output produced per unit of additional capital
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| Marginal Product of Labor (MPN) (3,69) | show 🗑
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| show | Exports of goods and services minus imports of goods and services
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| Net Investment (4,161) | show 🗑
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| show | Equal to the nominal (dollar) wage divided by the price level
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| Participation Rate (3,88) | show 🗑
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| show | Equal to private disposable income minus consumption
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| Private Disposable Income (2,35) | show 🗑
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| Unemployment Rate (3,87) | show 🗑
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| Unanticipated Inflation (12,444) | show 🗑
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| show | The assets minus the liabilities of an individual, firm, or country
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| show | The ratio of reserves held by the bank to the public's deposits in banks
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| show | A nation's excess of imports over exports
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| show | A nation's excess of exports over imports
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| show | The (unadjusted) user cost of capital divided by 1 minus the effective tax rate
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Created by:
tcritter28
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