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7498450880Price indexPrice of market basket of specific year/ base tear x1000
7498450881Real GDPNominal GDP/price index(divide price index by 100)1
7498450882Consumer price indexMarket basket current year / market basket in a range of years x1002
7498450883GDP expenditure approachConsumption(c) + gross investment(ig) + government expenditures(g) + net exports(xn)3
7498450884Disposable income (DI)C(consumption)+s(saved)4
7499880899GDP income approachWages+rent+ interest+ dividend+ proprietors income+ undesributed profit5
7576018989MpcMarginal perpencity to consume. Change in consumption over change in income6
7576018990MPS (marginal propensity to save)Change in saving over change in incom7
7576018991MultiplierOne over mps one over one fourth multiplier = 48
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