Thank you so much for putting the time and effort into making this! See all of these formulas together really helps me calm down and be able to just do the work. Thank you so so so much!!!
I'm not sure I understand your question. This video is full of macro calculations. I can solve them all. 😅 Is there a specific calculation you want help with?
Hey Mr Econ, Thanks for the video, Just had one question? The part where it says Cpi Calculation what would be the question format for it on the Ap Test? "Calculate the Cpi for Country X" as an example?
Here is an FRQ from last year that had a CPI calculation so you can see a real example (see question #3): apcentral.collegeboard.org/pdf/ap21-frq-macroeconomics-set-1.pdf Here is the rubric: apcentral.collegeboard.org/pdf/ap21-sg-macroeconomics-set-1.pdf
Also, here is a review game I made for CPI (and GDP Deflator) calculations with the type of things you could be asked. www.reviewecon.com/games-activities/delfatorcpi-calculations Good luck!
The market basket is just the goods and their quantities within it (in the US the CPI market basket is made up of 80,000 different goods that typical Urban households buy). To calculate a CPI, you multiply the quantities in the market basket by the prices of the goods then add it together. You do that once with the current year prices then once with the base year prices. Then, take the value of the market basket in the current year divide it by the value of the market basket in the base year, the times 100. I hope that helps!
It really depends. For example, the tax multiplier is technically negative, but many professors don't teach it that way. Just make sure you know the relationship between tax changes and GDP are inverse (negative). If you have a more specific question, please let me know!
Thank you so much for putting the time and effort into making this! See all of these formulas together really helps me calm down and be able to just do the work. Thank you so so so much!!!
You're very welcome! Good luck with your exams!!
thank you very much, you explain better than any other economics tutor. thank you, i am forever grateful
You're very welcome! Good luck with your studies!
Omggg APMacro test in 2 days this vid is sooo concise and helpful, thanku!
You're very welcome! Good luck on your exam!
Very concise, clear, and helpful. Thank you!
You're very welcome!
This video is a lifesaver, thank you so much!
You're very welcome! Good luck tomorrow!
Currently cramming, your videos are the best!
Thank you! Good luck tomorrow!
You are the man! Keep doing what youre doing you are helping all of us.
Thanks, will do!
This video is very well orginaized and it is straight enough to the point that you don't get lost in the details.
Thank you for watching!!
Your videos really help, I was wondering if you are going to make one for graphs or if you made one already.
I'm so glad it helped!
Here you go: ruclips.net/video/wlcv_o-XVAQ/видео.html
😀
Im so ready for my quiz tomorrow thanks to this video !!!
Good luck on that quiz!!
Thank you for going through ALL the math instead of just like 5 of them
You're welcome! I try to be as thorough as possible!
Just at the right time! Very useful thanks❤️
Awesome! I'm glad it helped!
you are life saver🙏🏻 thank you a lot!
You're very welcome! Good luck with your studies!
found you at the perfect time 🙏
Awesome! Good luck tomorrow!
Bro single handedly saved my grade such a stud.
Happy to help! Good luck on your exams!!
Thank you so much for the video! super helpful content!!
You're very welcome! Good luck tomorrow!
¡Increíble contenido!.
¡Muchos gracias!
Thanks a ton!
You're welcome!
Super helpful, thank you!
You're very welcome!
Good luck on your exams!
best econ channel not gonna lie
Thank you! :-)
at 14:04 Im pretty sure its supposed to be 1/.25 to get you to 4 or 1/(1-.75) or am i looking at something wrong. Love the video though.
Yep, that's a typo. I'll fix it soon. Thank you!
lmao thank you for confirming im not crazy
Thank you, hope it will works for my test:)
I hope so too!!
Thank you🙏🙏AP exam tmr
You're very welcome! Good luck on your exam!
thanks dude. very helful video
You're very welcome! Good luck with your studies!
Can you solve any Macro Economics Calculations
I'm not sure I understand your question. This video is full of macro calculations. I can solve them all. 😅
Is there a specific calculation you want help with?
God bless you
Thank you! Good luck with your exams!
Hey Mr Econ, Thanks for the video, Just had one question?
The part where it says Cpi Calculation what would be the question format for it on the Ap Test?
"Calculate the Cpi for Country X" as an example?
Here is an FRQ from last year that had a CPI calculation so you can see a real example (see question #3): apcentral.collegeboard.org/pdf/ap21-frq-macroeconomics-set-1.pdf
Here is the rubric: apcentral.collegeboard.org/pdf/ap21-sg-macroeconomics-set-1.pdf
Also, here is a review game I made for CPI (and GDP Deflator) calculations with the type of things you could be asked.
www.reviewecon.com/games-activities/delfatorcpi-calculations
Good luck!
@@ReviewEcon Thanks, don't know how much your help means to me!
@@MountainCase you're very welcome! Good luck on your exam!
I take it tmr
Good luck! You got this!
What is the formula for market basket
The market basket is just the goods and their quantities within it (in the US the CPI market basket is made up of 80,000 different goods that typical Urban households buy). To calculate a CPI, you multiply the quantities in the market basket by the prices of the goods then add it together. You do that once with the current year prices then once with the base year prices. Then, take the value of the market basket in the current year divide it by the value of the market basket in the base year, the times 100.
I hope that helps!
Is it common to have to use +- when working problems in MacroEconomics? I am so confused.
It really depends. For example, the tax multiplier is technically negative, but many professors don't teach it that way. Just make sure you know the relationship between tax changes and GDP are inverse (negative).
If you have a more specific question, please let me know!
I will get that 5 🥶 thanks to you my goat
You're welcome! Good luck!
Im cooked for this exam boys
Hopefully you'll be cookin' when the time comes. Good luck!
Thank you for this! It really helps!
You're very welcome! Good luck on your exams!
❤
❤️😄
I’m gonna try lol
You got this! Good luck!
14:11 you have a mistake
Yep. It's on my list of fixes. Should be 1/.25. 😄
Good luck!
🐐
Aw thanks! Good luck tomorrow!
Nah this shits bussin
Go get it! Good luck!
That’s so useful 🥹!!!!
I'm so glad it helped! Good luck on your exams!