Terms of trade By econ101helpJune 7, 20190 The terms of trade (TOT) measures the ratio of export prices to import prices, such that: where is a price…

Consumer Price Index (CPI) and inflation rate formula By econ101helpJune 6, 20190 Consumer price index formulaCalculate CPI with one goodCalculate CPI with two goodsInflation rate formulaCalculate inflation rate with one goodCalculate inflation…

Why does aggregate supply slope upwards? By econ101helpJune 1, 20190 The aggregate supply curve does not slope upwards for the same reason that the supply curve slopes upwards for an…

Net foreign investment formula By econ101helpNovember 1, 20160 Net foreign investment (which is also referred to as net capital outflow) is the total amount of investment overseas done…

Natural rate of unemployment By econ101helpOctober 29, 20160 The natural rate of unemployment or Non-Accelerating Inflation Rate of Unemployment (NAIRU) is the rate of unemployment at which inflation…