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Introduction To Economics (3250-100) Macroeconomics Formulas

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Sandra Watson
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Formulas for Macroeconomics

University of Akron

Introduction to Economics (3250-100)

Key Formulas in Macroeconomics
1. GDP = C + I + G + Xn: The expenditure approach to measuring GDP
2. GDP = W + I + R + P: The income approach to measuring GDP
3. Calculating nominal GDP: The quantity of various goods produced in a
nation times their current prices, added together.

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Introduction To Economics (3250-100) Macroeconomics Formulas

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