ECONOMICS 101
Economics 101 Date:- 28.5.2025 Class Set:
MACROECONOMICS
MACROECONOMICS CHEAT
CHEAT SHEET
SHEET
GDP(gross domestic product) Total market value of all goods and services produced
within a country in one year.
GNP (Gross National Product) -GDP + Net Income earned from abroad.
NDP (NET DOMESTIC PRODUCT)- GDP – DEPRECIATION (WEAR & TEAR OF
CAPITAL).
Inflation -Sustained increase in the general price level of goods and services.
DEFLATION- DECREASE IN THE GENERAL PRICE LEVEL.
Unemployment -People willing and able to work, but unable to find jobs.
FISCALPOLICY- GOVERNMENT’S USE OF SPENDING AND TAXES
TO INFLUENCE THE ECONOMY.
Monetary policy-Central Bank’s (RBI’s) control of money supply and interest
rates.
Repo Rate- Rate at which RBI lends money to commercial banks.
CRR (Cash Reserve Ratio)- Percentage
- of bank deposits that must be kept with the RBI.
SLR (Statutory Liquidity Ratio)- Percentage of net demand and time liabilities
that banks must maintain in safe assets like gold/government bonds.
Economics 101 Date:- 28.5.2025 Class Set:
MACROECONOMICS
MACROECONOMICS CHEAT
CHEAT SHEET
SHEET
GDP(gross domestic product) Total market value of all goods and services produced
within a country in one year.
GNP (Gross National Product) -GDP + Net Income earned from abroad.
NDP (NET DOMESTIC PRODUCT)- GDP – DEPRECIATION (WEAR & TEAR OF
CAPITAL).
Inflation -Sustained increase in the general price level of goods and services.
DEFLATION- DECREASE IN THE GENERAL PRICE LEVEL.
Unemployment -People willing and able to work, but unable to find jobs.
FISCALPOLICY- GOVERNMENT’S USE OF SPENDING AND TAXES
TO INFLUENCE THE ECONOMY.
Monetary policy-Central Bank’s (RBI’s) control of money supply and interest
rates.
Repo Rate- Rate at which RBI lends money to commercial banks.
CRR (Cash Reserve Ratio)- Percentage
- of bank deposits that must be kept with the RBI.
SLR (Statutory Liquidity Ratio)- Percentage of net demand and time liabilities
that banks must maintain in safe assets like gold/government bonds.
