Inflation

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Nominal GDP
Real GDP 2018 = x 100
GDP Deflator
39,454
Real GDP 2018 = x 100 = $ 38,009 . 63 billion
103 . 8
45,857
Real GDP 2019 = x 100 = $ 42,777 . 05 billion
107 . 2
new value − old value

% Change = × 100
old value
42,777 . 05 − 38,009 . 63
% Change = × 100
38,009 . 63
% Change = 12 . 54 %
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no . actively seeking no . in employment labour force

= x 100 = x 100 = x 100
total labour force population of working age total population
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no . actively seeking
Unemployment rate = x 100
total labour force
600 ,000
Unemployment rate = x 100
2,400 ,000
Unemployment rate = 25 %
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Cost of basket in year X

CPI = x 100
Cost of basket in base year
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Cost of basket in 2020

CPI = x 100
435
= x 100
400
= 108 . 75
Cost of basket in 2021

CPI = x 100
544 . 05
= x 100
400
= 136 . 01
New CPI − Old CPI

Inflation rate = x 100
Old CPI
136 . 01 − 108 . 75
= x 100
108 . 75
= 25 . 07 %
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Total government debt

Debt to GDP Ratio = x 100
GDP
Total government debt

GDP
1 Trillion US $
20 Trillion US $
Debt to GDP Ratio = 5 %
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Inflation

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new value − old value

no . actively seeking no . in employment labour force

Cost of basket in year X

Cost of basket in 2020

Cost of basket in 2021

New CPI − Old CPI

Total government debt

Total government debt

Debt to GDP Ratio = 5 %

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