Ib Economics Hl Formula Booklet Repack ((new)) [Works 100%]

GNI=GDP+Net Income from Abroadcap G cap N cap I equals cap G cap D cap P plus Net Income from Abroad

ΔQΔPthe fraction with numerator cap delta cap Q and denominator cap delta cap P end-fraction : Quantity supplied when price is zero. : Responsiveness of quantity to a change in price. Finding Market Equilibrium and solve for back into either equation to solve for Calculating the Impact of Taxes If a specific tax ( ) is imposed on producers, the supply equation changes: ib economics hl formula booklet repack

. This repack groups content into logical units—Microeconomics, Macroeconomics, and The Global Economy—to ensure students can quickly reference conditions like profit maximization or the Marshall-Lerner condition. 1. Key Microeconomics Formulas GNI=GDP+Net Income from Abroadcap G cap N cap

A tax shifts supply, reducing both surpluses and creating a deadweight loss —a key evaluation point. PED=%ΔQd%ΔPPED equals the fraction with numerator % cap

PED=%ΔQd%ΔPPED equals the fraction with numerator % cap delta cap Q sub d and denominator % cap delta cap P end-fraction

Let’s apply the repack to real IB exam questions.

CPI=Cost of basket in specific yearCost of basket in base year×100CPI equals the fraction with numerator Cost of basket in specific year and denominator Cost of basket in base year end-fraction cross 100