Equations

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