Econ 202 Equations/Formulas Questions and Correct Answers Updated.

GDP Equation - Answer Y=C+I+G+NX Consumption - Answer C Investment - Answer I Government Purchases - Answer G Net Exports - Answer NX Net Export Equation - Answer NX=Exports-Imports GDP Deflator - Answer 100*(nominal GDP/real GDP) Consumer Price Index (CPI) - Answer 100*(Cost of basket in current year/cost of basket in base year) Inflation Rate - Answer (CPI this year-CPI last year)/CPI last year)*100% Amount in Today's Dollars - Answer T dollars*(current price/t dollars) Real Inflation Rate - Answer Nominal interest rate-inflation Rate physical capital per worker - Answer K/L Physical Capital - Answer K Human Capital - Answer H human capital per worker - Answer H/L