Friday 26 August 2011

Formulas


 
Gross Domestic Product GDP = [(quantity of A X price of A) + (quantity of B X price of B) + ... + (quantity of N X price of N)] for every good and service produced within the country

GDP = (national income) = Y = (C + I + G + NX)
 
GDP Growth Rate GDP growth rate = [(GDP for year N) / (GDP for year N-1)] - 1
 
GDP Deflator GDP deflator = [(nominal GDP) / (real GDP)] - 1
 
GDP Per Capita GDP per capita = (GDP) / (population)

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