Term
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Definition
| = [(Total dollar expenditure on market basket in current year)/(Total dollar expenditure on market basket in base year)] * 100 |
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Term
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Definition
| = (Nominal Income / CPI) * 100 |
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Term
| Calculate Today's Salary compared To Salary of the past |
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Definition
| Salary (earlier year) * (CPI current year / CPI earlier year) |
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Term
| Labor Force Participation Rate (LFPR) |
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Definition
| = Civilian Labor Force / Civilian noninstitutionalized population |
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
| = Compensation of Employees + Proprietor’s Income + Corporate Profits + Rentail Income + Net Income |
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Term
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Definition
| == Nat’l Income - Income earned FROM the rest of the world + Income earned BY the rest of the world + Indirect Business Taxes (I.B.T) + Capital Consumption Allowance + Statistical discrepancy |
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Term
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Definition
| GDP - Capital Consumption Allowance |
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Term
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Definition
| = Nat’l Income - Undistributed Corporate Taxes - Social Insurance Taxes - Corporate Profit Taxes + Transfer Payments |
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Term
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Definition
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Term
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Definition
| = ∑ (base – year prices * current-year quantities) |
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Term
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Definition
| =[(Real GDP (later yr) – Real GDP (earlier yr)) / Real GDP (earlier yr)] * 100 |
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