The best, single, scalar indicator of an economy's performance
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GDP
unemployment rate formula
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UR=(U/LF) x 100 = (U/(E + U)) x 100
, Deflation
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a decrease in the general level of prices
Natural Rate of Unemployment (NRU)
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The combination of structural and frictional unemployment
Nominal GDP equation
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P1tQ1t+P2tQ2t+ ... +PNtQNt where N final goods are produced in year t
Three methods to increase productivity?
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Human capital (education), Investment in physical capital, and
technological change
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GDP
unemployment rate formula
Give this one a try later!
UR=(U/LF) x 100 = (U/(E + U)) x 100
, Deflation
Give this one a try later!
a decrease in the general level of prices
Natural Rate of Unemployment (NRU)
Give this one a try later!
The combination of structural and frictional unemployment
Nominal GDP equation
Give this one a try later!
P1tQ1t+P2tQ2t+ ... +PNtQNt where N final goods are produced in year t
Three methods to increase productivity?
Give this one a try later!
Human capital (education), Investment in physical capital, and
technological change
