CLEP Macroeconomics

CLEP Macroeconomics covers the principles of macroeconomic theory, including national income, inflation, and fiscal policy.

National Income and GDPUnemploymentInflation
Fiscal PolicyMonetary PolicyAggregate Demand and Supply
Understanding Economic IndicatorsApplying Macroeconomic PolicyGlobalization and Macroeconomics
Mastering Key FormulasActive Practice with Real DataUsing Process of Elimination
National Income and ...UnemploymentInflationFiscal PolicyMonetary PolicyAggregate Demand and...Understanding Econom...Applying Macroeconom...Globalization and Ma...Mastering Key Formul...Active Practice with...Using Process of Eli...
Study Strategies

Mastering Key Formulas

Key Formulas for CLEP Macroeconomics

Formulas help you solve quantitative questions quickly and accurately. Make flashcards for each and practice using them:

  • GDP: \( GDP = C + I + G + (X - M) \)
  • Unemployment Rate: \( \text{Unemployment Rate} = \frac{\text{Unemployed}}{\text{Labor Force}} \times 100 \)
  • Inflation Rate: \( \text{Inflation Rate} = \frac{\text{CPI}{\text{new}} - \text{CPI}{\text{old}}}{\text{CPI}_{\text{old}}} \times 100 \)

Practicing these will boost your confidence on test day!

Examples

  • Calculate the new unemployment rate if 200 people in a labor force of 2,000 lose their jobs.

  • Use the GDP formula to determine total output when given all the components.

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Active Practice with Real Data