Financial Account=Direct Investment+Portfolio Investment+Reserve AssetsFinancial Account equals Direct Investment plus Portfolio Investment plus Reserve Assets
Currency valuations require careful calculation of inverted asset relationships. Currency Conversion
The multiplier shows how an initial injection of spending leads to a larger final increase in national income. ib economics hl formula booklet repack
∈1 EUR=10.90=$1.11 USDis an element of 1 EUR equals 1 over 0.90 end-fraction equals $ 1.11 USD Strategy: Tips for Paper 3 Calculations
Even if your final answer is correct, examiners cannot award full marks if the intermediate algebraic transformations are missing. Write down the generic formula first, substitute the numbers, and then solve. Write down the generic formula first, substitute the
Nominal vs. Real exchange rate calculations ( RERcap R cap E cap R
ΔCΔYthe fraction with numerator cap delta cap C and denominator cap delta cap Y end-fraction Linear Supply Function: is non-price determinants and is
%Δ=New Value−Old ValueOld Value×100% cap delta equals the fraction with numerator New Value minus Old Value and denominator Old Value end-fraction cross 100 Market Equilibrium & Government Intervention is non-price determinants and is the slope). Linear Supply Function: is non-price determinants and is the slope). Equilibrium Condition: Set and solve for
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