Equations and Calculations in Economics (HSC SSCE Economics): Flashcards

Current Account + Capital & Financial Account = 0

Net goods + Net services + Net primary inc + Net secondary inc

$S + T + M = I + G + X$

Economy expands

$AD = C + I + G + (X - M)$

$k = \frac{1}{MPS}$

$\Delta Y = k \times \Delta AD$

$\frac{\text{Labour force}}{\text{Working-age pop (15+)}} \times 100$

$\frac{\text{Unemployed}}{\text{Labour force}} \times 100$

Higher multiplier