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AP MACROECONOMICS FINAL EXAM QUESTIONS AND DETAILED SOLUTIONS COMPLETE PREPARATION GUIDE

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AP MACROECONOMICS FINAL EXAM QUESTIONS AND DETAILED SOLUTIONS COMPLETE PREPARATION GUIDE

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AP MACROECONOMICS FINAL EXAM
QUESTIONS AND DETAILED SOLUTIONS
COMPLETE PREPARATION GUIDE

●● Calculate real GDP with
Answer: base year prices


●● GDP =
Answer: C + I + G + (X − M)


●● GDP Deflator (percentage) =
Answer: ((nominal GDP) / (real GDP)) × 100


●● Percent Change in Whatever =
Answer: ((Year 2 − Year 1)/(Year 1)) × 100


●● Unemployment rate =
Answer: ((number of unemployed) / (labor force)) × 100


●● Labor force participation rate =
Answer: ((labor force) / (adult population)) × 100

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