Ib | Economics Hl Formula Booklet Repack Patched

CPI=Cost of Basket in Current YearCost of Basket in Base Year×100CPI equals the fraction with numerator Cost of Basket in Current Year and denominator Cost of Basket in Base Year end-fraction cross 100

Financial Account=Direct Investment+Portfolio Investment+Reserve AssetsFinancial Account equals Direct Investment plus Portfolio Investment plus Reserve Assets ib economics hl formula booklet repack

Real GDP=Nominal GDPGDP Deflator×100Real GDP equals the fraction with numerator Nominal GDP and denominator GDP Deflator end-fraction cross 100 2. Inflation and Unemployment CPI=Cost of Basket in Current YearCost of Basket

[ \textCPI = \frac\textCost of basket in current year\textCost of basket in base year \times 100 ] [ \textInflation rate = \frac\textCPI \textnew - \textCPI \textold\textCPI_\textold \times 100 ] New Qd = 1000 × (1 – 0

%ΔP = (2/10) × 100 = 20%. PED = (%ΔQd) / 20 → –0.4 = %ΔQd / 20 → %ΔQd = –8%. New Qd = 1000 × (1 – 0.08) = 920 units.