AP, IB, and College Microeconomic and Macroeconomic Principles 

22 Key Macroeconomics Formulas – AP/IB/College

22 Macroeconomics formulas you need to know for ​the Exam

Updated 3/20/2017 Jacob Reed
Below you will find all the formulas you need to know for Macro Economics. Unfortunately for some, the Macro exam is a little more math heavy than the Micro exam. But fear not, the list below is all you need. 

For a quick reference you can take with you, get the PDF Microeconomics and Macroeconomics Review Formulas Cheat Sheet.


GDP Formulas
Output Expenditure Model                      
GDP=C+Ig+G+(X-M)= Consumption + Gross Investment + Government Spending+ (Exports – Imports)
Income Approach
GDP = Compensation of Employees + Rents + Interest + Proprietors Income + Corporate Profits + Taxes on Imports + Statistical Discrepancy – Consumption of Fixed Capital