Ap Flashcards
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| 7498450880 | Price index | Price of market basket of specific year/ base tear x100 | 0 | |
| 7498450881 | Real GDP | Nominal GDP/price index(divide price index by 100) | 1 | |
| 7498450882 | Consumer price index | Market basket current year / market basket in a range of years x100 | 2 | |
| 7498450883 | GDP expenditure approach | Consumption(c) + gross investment(ig) + government expenditures(g) + net exports(xn) | 3 | |
| 7498450884 | Disposable income (DI) | C(consumption)+s(saved) | 4 | |
| 7499880899 | GDP income approach | Wages+rent+ interest+ dividend+ proprietors income+ undesributed profit | 5 | |
| 7576018989 | Mpc | Marginal perpencity to consume. Change in consumption over change in income | 6 | |
| 7576018990 | MPS (marginal propensity to save) | Change in saving over change in incom | 7 | |
| 7576018991 | Multiplier | One over mps one over one fourth multiplier = 4 | 8 |