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Cards (6)
Real GDP
Equation
Nominal GDP/Price Index x
100
GNI equation
GDP
+
net abroad income
Aggregate
demand equation
C
+
I
+
G
+(
X-M
)
Multiplier (K) equation
1/1-MPC
or
1/MPS
Marginal propensity to consume
equation
Change in C/change disposable Y
Marginal
Propensity to save equation
change in savings
/
change
in
disposable income