Formulas
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Average Tax Rate (15,582) | show 🗑
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| show | Government outlays minus government receipts
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| Budget Surplus (2,38) | show 🗑
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| Absorption (5,178) | show 🗑
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| show | The amount of output produced per unit of labor input (per worker or per hour of work)
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| Debt-GDP Ratio (15,586) | show 🗑
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| show | The ratio of the currency held by the public to the public's deposits in banks
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| Expected After-Tax Real Interest Rate (4,113) | show 🗑
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| Expected Real Interest Rate (2,52) | show 🗑
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| Employment Ratio (3,87) | show 🗑
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| Capital-Labor Ratio (6,215) | show 🗑
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| GDP Deflator (2,43) | show 🗑
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| show | Net govt income minus govt purchases; equivalently, the govt's tax receipts minus its outlays
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| show | Equals the value of financial inflows (credit items) minus the value of financial outflows (debit items)
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| Net Government Income (2,36) | show 🗑
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| show | GNP - Depreciation
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| Primary Government Budget Deficit (15,577) | show 🗑
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| Real Interest Rate (2,51) | show 🗑
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| Real Balances (7,254) | show 🗑
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| show | Equal to the depreciation cost plus the interest cost
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| Velocity (7,257) | show 🗑
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| National Income (2,33) | show 🗑
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| show | A country's foreign assets (ex: foreign stocks, bonds, and factories owned by domestic residents) minus its foreign liabilities (domestic physical and financial assets owned by foreigners)
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| show | The amount of output produced per unit of additional capital
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| show | The amount of output produced per unit of additional labor
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| Net Exports (2,32) | show 🗑
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| show | Equal to gross investment minus depreciation of existing capital
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| Real Wage (3,70) | show 🗑
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| Participation Rate (3,88) | show 🗑
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| Private Saving (2,37) | show 🗑
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| Private Disposable Income (2,35) | show 🗑
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| Unemployment Rate (3,87) | show 🗑
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| show | The actual rate of inflation minus the rate of inflation that was expected to occur
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| Wealth / Net Worth (2,36) | show 🗑
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| show | The ratio of reserves held by the bank to the public's deposits in banks
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| Trade Deficit (1,7) | show 🗑
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| show | A nation's excess of exports over imports
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| show | The (unadjusted) user cost of capital divided by 1 minus the effective tax rate
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Created by:
tcritter28
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