HSC Economics Formulas
Calculation of government revenue from tariff
Tariff x level of imports (diagram)
Calculation of a subsidy
Vertical distance between initial equilibrium price and new supply curve (diagram)
Balance of Payments
CA + KAFA + Net Errors/Omissions
Current Accoun...
hsc economics formulas calculation of government r
Written for
HSC
All documents for this subject (166)
Seller
Follow
LectDan
Reviews received
Content preview
HSC Economics Formulas
Calculation of government revenue from tariff
Tariff x level of imports (diagram)
Calculation of a subsidy
Vertical distance between initial equilibrium price and new supply curve (diagram)
Balance of Payments
CA + KAFA + Net Errors/Omissions
Current Account
BOGS + NPI + NSI
Balance of Goods and Services
Net goods + net services
Financial Account
Direct Investment; Portfolio Investment; Financial Derivatives; Other Assets; Reserve Assets
Terms of Trade
Export Price Index/Import Price Index x 100
Economic Growth
Real GDP (cy) - Real GDP (py)/Real GDP (py) x 100
Real GDP
Nominal GDP x 100/CPI
Leakages
T+S+M
Injections
G+I+X
Aggregate Demand
AD = C + I + G + (X-M)
Aggregate Supply/Income (two sector model)
Y=C+S
Aggregate Supply/Income (three sector model)
Y = C + S + T (three sector model)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LectDan. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.89. You're not tied to anything after your purchase.
