Macro formula
- Created by: Idkk12345
- Created on: 06-06-24 10:58
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1. AD= C+I+G+(X-M)
2. Nominal GDP=
output= final value of all goods and services
Income= add all factor income= Add wages rent profit and interest
Expenditure= add all AD
3. Real GDP= Nominal GDP/ price index times 100
4. GDP deflator= NominalGDP/ Real GDP times 100
5.Nominal GDP = C+I+G+(X-M) for expedenditure
Real GDP*price index / 100
6. GNI= GDP+ net factor income (any inome earned by domestic factors pf production aborad- income earned foregin factors of production domestic)
7. Green GDP= GDP- Environment cost
8. Circulator flow - I+G+X=S+T+M macro equilibirm
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