CPI
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($ Cost of a basket of 400 items using Current Prices/$ Cost of a basket of
400 items using Base year prices)*100/1
Use Survey year quantities and now and base year prices
Expenditure Approach
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GDP=C+G+I+NX
C=Consumer Goods
G=Government Purchases
, I=Gross Investment
NX=Net Exports(Exports-Imports)
Finding the %Gap
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(Yp-Y)/Yp
Potential Output formula
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Yp=AL1/2K1/2
GNP
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GDP-[foreign output in US]+[American output abroad
GDP Deflator
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Give this one a try later!
($ Cost of a basket of 400 items using Current Prices/$ Cost of a basket of
400 items using Base year prices)*100/1
Use Survey year quantities and now and base year prices
Expenditure Approach
Give this one a try later!
GDP=C+G+I+NX
C=Consumer Goods
G=Government Purchases
, I=Gross Investment
NX=Net Exports(Exports-Imports)
Finding the %Gap
Give this one a try later!
(Yp-Y)/Yp
Potential Output formula
Give this one a try later!
Yp=AL1/2K1/2
GNP
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GDP-[foreign output in US]+[American output abroad
GDP Deflator
Give this one a try later!
