<p>Hey everyone (:</p>
<p>So I'm taking the late AP Macro exam next Wednesday (self-studied), and I was wondering, do we need to memorize all the formulas (calculating GDP, MPC, distributive efficiency, etc)? And if not, just how familiar do we need to be with them? I'm pretty much done with the PR book and familiar with all the concepts, but I've forgotten many of the formulas. :(</p>
<p>Thanks :)</p>
<p>be familiar with the things that goes into gdp (consumption, investment, government spending, net exports) and how they are effected (AKA how does the AD curve shift?)
at least one of the multiplier formulas are bound to come up in FR or MC (simple spending, tax, reserve requirement)
and MPC will usually be given to you in order to calculate the multipliers
distributive efficiency has practically been phased out of the exam, i wouldnt worry about it.
here’s a comprehensive list of things you will need to know:
<a href=“http://www.cramlist.net/ap_macroecon.pdf[/url]”>http://www.cramlist.net/ap_macroecon.pdf</a></p>
<p>^Thanks for the advice. :)</p>
<p>Yeah, now that I look at the multiple choice, there really isn’t much math involved. It seems mostly conceptual (the MC at least).</p>