Ib Economics Hl Formula Booklet Jun 2026

(Consumer Price Index): (Value of basket in specific year / Value of basket in base year) × 100 Inflation Rate : [(New CPI - Old CPI) / Old CPI] × 100 Unemployment Rate : (Unemployed / Labor Force) × 100 🤝 International and Development Formulas Focus on trade balances and exchange rates.

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Terms of Trade=Index of Average Export PricesIndex of Average Import Prices×100Terms of Trade equals the fraction with numerator Index of Average Export Prices and denominator Index of Average Import Prices end-fraction cross 100 ib economics hl formula booklet

The formula booklet is a safety net, not a cheat sheet. Spend your revision time practicing past Paper 3 questions (Consumer Price Index): (Value of basket in specific