BUAD-350 Formulas Word Scramble
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| Question | Answer |
| Average Tax Rate (15,582) | The total amount of taxes paid divided by the taxpayer's income |
| Budget Deficit (2,38) | Government outlays minus government receipts |
| Budget Surplus (2,38) | Government receipts minus government outlays |
| Absorption (5,178) | C + I + G |
| Average Labor Productivity (1,3) | The amount of output produced per unit of labor input (per worker or per hour of work) |
| Debt-GDP Ratio (15,586) | The quantity of government debt outstanding divided by GDP |
| Currency-Deposit Ratio (14,535) | The ratio of the currency held by the public to the public's deposits in banks |
| Expected After-Tax Real Interest Rate (4,113) | The nominal after-tax rate of return (= nominal interest rate x 1 - tax rate) minus the expected rate of inflation; equals the expected increase in the real value of an asset after payment of taxes on interest income |
| Expected Real Interest Rate (2,52) | The nominal interest rate minus the expected rate of inflation; equals the expected increase in the real value of an asset |
| Employment Ratio (3,87) | The fraction of the adult population that is employed |
| Capital-Labor Ratio (6,215) | The amount of capital per worker = Capital Stock / Number of Workers |
| GDP Deflator (2,43) | A measure of the price level, calculated as the ratio of current nominal GDP to current real GDP |
| Government Saving / Budget Surplus (2,37) | Net govt income minus govt purchases; equivalently, the govt's tax receipts minus its outlays |
| Financial Account Balance (5,170) | Equals the value of financial inflows (credit items) minus the value of financial outflows (debit items) |
| Net Government Income (2,36) | It equals taxes paid by the private sector minus payments from the govt to the private sector (transfers and interest payments on govt debt) |
| Net National Product (NNP) (2,35) | GNP - Depreciation |
| Primary Government Budget Deficit (15,577) | Equal to govt purchases of goods and services plus transfers minus tax revenues |
| Real Interest Rate (2,51) | Equal to the nominal interest rate minus the rate of inflation |
| Real Balances (7,254) | Measured as the nominal amount of money divided by the price level |
| User Cost of Capital (4,122) | Equal to the depreciation cost plus the interest cost |
| Velocity (7,257) | Calculated as nominal GDP divided by the nominal money supply |
| National Income (2,33) | = GDP + Net Factor Payments - Depreciation - Statistical Discrepancy |
| Net Foreign Assets (2,40) | 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) |
| Marginal Product of Capital (MPK) (3,64) | The amount of output produced per unit of additional capital |
| Marginal Product of Labor (MPN) (3,69) | The amount of output produced per unit of additional labor |
| Net Exports (2,32) | Exports of goods and services minus imports of goods and services |
| Net Investment (4,161) | Equal to gross investment minus depreciation of existing capital |
| Real Wage (3,70) | Equal to the nominal (dollar) wage divided by the price level |
| Participation Rate (3,88) | The fraction of adults who are in the labor force |
| Private Saving (2,37) | Equal to private disposable income minus consumption |
| Private Disposable Income (2,35) | The income of the private sector (households and businesses taken together) after payment of taxes and receipt of transfer payments and interest from the govt |
| Unemployment Rate (3,87) | The fraction of the labor force that is unemployed |
| Unanticipated Inflation (12,444) | The actual rate of inflation minus the rate of inflation that was expected to occur |
| Wealth / Net Worth (2,36) | The assets minus the liabilities of an individual, firm, or country |
| Reserve-Deposit Ratio (14,527) | The ratio of reserves held by the bank to the public's deposits in banks |
| Trade Deficit (1,7) | A nation's excess of imports over exports |
| Trade Surplus (1,7) | A nation's excess of exports over imports |
| Tax-Adjusted User Cost of Capital (4,125) | The (unadjusted) user cost of capital divided by 1 minus the effective tax rate |
Created by:
tcritter28
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