This is going to be a pretty straightforward post outlining how our economic data is calculated and compiled, line item.
Population: All City, State, and Federal employees, military personnel, and citizenry are added together.
Lifespan: NationStates Trends.
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IQ: (√((HDI + Intelligence + Health) - (Ignorance) x Productivity Score) / 100) + ECS = IQ
Example:
(HDI + Intelligence + Health) - (Ignorance) = z
z * Productivity Score = (y)
√(y) / 100 = x
x + Economic Classification Score = IQ.
65.49 + 40.99 + 4.06 = 110.54
110.54 - 4.78 = 105.76
105.76 x 35,000 = 3,701,600
√(3,701,600) = 1,923.9542614106
1,923.9542614106 / 100 = 19.2395426141
19.2395426141 + 85 = 104.2395426141
What you have to understand is that this measurement isn't exactly reflective of the intelligence level of your population. All this number tells us is the level of achievement that is available to them. If your nation scores low on the IQ metric, it means that your population will have equivalent outcomes to that of someone with that score. That doesn't mean that if you put their children into a different country with a high IQ that they won't excel the same exact way under their conditions. Scoring depends on a few conditions like human development, raw intelligence, health, economic classification, and ignorance. These conditions can come together to create positive or negative feedback loops. Good outcomes beget good outcomes later and bad outcomes beget more bad outcomes later.
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Economic Productivity Rating: This is used in an equation that tracks the exchange rate of the Universal Treasury Note. A value is attached to whichever classification the economy is given. Example: Frightening = 50,000 and is the maximum. The scoring for this is inspired by NS Economic Formulae, but not identical. Scoring is set by the United States of Independence Hill but not totally far off from NS Economic Formulae scoring.
Cost of a Gallon of Gas: √(Automobile Price * EPR / 404,000,000) It is assumed that because there are so many different designs for automobiles that fuels would be designed for specific models and that there would be many, many different kinds of fuels on the market.
Average Cost of an Automobile: (Automobile Manufacturing x Productivity Score) / 404,000,000 x Average Income of the Poor
Average Cost of Rent Per Month:
poorest 10% income x avg income = x
x/average cost of a house = y
√(y) = z multiplied by a score from below-
Frightening (x1.75)
All Consuming (x1.50)
Powerhouse (x1.25)
Thriving (x1)
Numbers growing larger with higher economic classifications addresses inflationary phenomena.
Example applied: Economy = Thriving
Exchange rate is []1.00 = $2.84
35,475.61 x 86,654.57 = 3,074,123,730.0377
3,074,123,730.0377 / 129,185.75 = 23,796.15189785019
√(23,796.15189785019) = []154.2600139305393 ($438.0984395627317)
[]154.2600139305393 x 1 = []154.2600139305393/Month's Rent
Average Cost of a House: ((Timberwood Chipping + Manufacturing + Scientific Advancement) x Productivity Score) / 404,000,000 x Average Income of the Poor + Average Income = Average Price of a House.
Unemployment Rate:
(100 - Employment) / Black Market = (X + Unemployment Score) as a percentage
100 - 81 = 19
19 / 217.8 (Blackmarket converted into a decimal) = 0.088
√(0.088) + 2 = 2.30%
Import/Export by Industry
(Capital 'M' for major gap importer/exporter, lowercase 'm' for minor gap)
What we import from the rest of the world: Arms Manufacturing (M), Cheese (m), Insurance (m), Trout (m)
What we export to the rest of the world: Automobiles (M), Basket Weaving (m), Beverages (M), Book Publishing (M), Furniture Restoration (m), Gambling (m), Information Technology (M), Mining(M), Pizza (M), Retail (M), Timber Wood Chipping (M).
The wider the gap, the more we import or export that particular industry. Nations with a high value currency should become a net importer. Some of the items we export have very slim gaps and are not worth the effort in strengthening. Because we have a high value currency, we should be shedding these slim gap industries and focus on ones with much wider gaps.
Balance of Trade: How much more or less are we importing than exporting...
Minimum Wage: Avg income of the poor divided by Public Education (if public education value is zero or a negative number, no minimum age is established. Nations with high minimum wage may also have a high inflation rate, but more experimentation is required to know for sure.)
Average Exchange Rate: Exchange rate averaged between members of the region, values taken from NSDossier.
Absolute Exchange Rate: √(GRP Per Capita * EPR / 404,000,000) This is going to be the square root of (GRP per capita multiplied by the Economic Productivity Rating and then divided by 404,000,000).
Total Credit Available: (Consumer spending + Savings and investment) - Money Supply = (x + Credit Score)
Total Credit Per Capita: (Total Credit Available / Population)
Total Credit Utilization: (Total Credit Available / Total Credit Per Capita)
Interest Accrued: Interest rate percentage of total credit utilization)
Total Credit Debt: (Interest accrued + Total Credit Utilization)
Interest Rate: Keep in mind that I can only have an impact on this data via answering issues. I can only read what the system will tell me. So, having said that, you would take the interest rate I'm about to show you how to calculate and you would subtract the percentage from credit spending. You see, credit spending includes how much is paid in interest. If we can calculate interest, we can find out how much of the total credit spending accounts for consumers buying things vs how much is paid in interest.
√(Total Credit Available / Unemployment Rate)
√(600.050 / 3.03)
For our regional nation, our interest rate would be 14.07%
Inflation: Subtract the starting date exchange rate from the end date exchange rate and divide by the starting date exchange rate. Multiply by 100 and your answer is the rate as a percentage.
Federal Income Tax: Set by the United States of Independence Hill and applies to every citizen of every State in the nation.
State Income Tax: Each member of the United States of Independence Hill region is classified by the Federal Government as a State and their taxes apply only to the citizens of their State.
Average Income: NationStates Trends.
Consumer Spending: GDP or GRP divided by the exchange rate, add population.
Example:
GRP = []2.775 Quadrillion ($8.05 Q)
Exchange rate = $2.90
(2.775 / 2.90) + Population = 0.9568965517241379 + .00028791 (Since population is in billions, you'll want to move the decimal so it coincides with the scale of quadrillions being to the left of the decimal.
0.95718446 (Almost a quadrillion Universal Treasury Notes) Or to simplify []957.184 trillion. ($2.776 Q)
GRP: GDP of all members added together
GRP per capita: NS Trends (GRP / Population)
Federal Budget: Percentage of GDP listed in the Government section applied GRP.
Federal Spending: This can also be found in the Government section, It's the raw number expressed instead of the percentage.
Surplus/Deficit: This can be found by subtracting Federal Spending from Federal Budget. A positive number, of course, is a surplus. Negative means deficit.
Money Supply: GDP or GRP minus 50 Trillion. NS Trends
Savings & Investment: GDP or GRP minus Consumer Spending.
Velocity of Money: GDP or GRP divided by Money Supply. NS Trends
Joseph Stockdale Business Index: Combines values of all industries minus arms and automobile manufacturing in NS Trends.
Erickson Manufacturing Index: Value of manufacturing in NS Trends.
Varnacki Agricultural Index: Value of agricultural output in NS Trends.
Economic Productivity, Classification, Unemployment Score, Rent Multiplier, & Credit Score: (Productivity / Classification / *Unemployment Score / Rent Multiplier/ Credit Score)
Frightening = 50,000 / 100 / +2 / (x1.75) / 1,000
All-Consuming = 45,000 / 95 / +2.50 / (x1.50) / 800
Powerhouse = 40,000 / 90 / +3.00 / (x1.25) / 600
Thriving = 35,000 / 85 / +3.50 / NA /400
Very Strong = 30,000 / 80 / +4.00/ NA / 200
Strong = 25,000 / 75 / +4.50/ NA / 100
Good = 20,000 / 70 / +5.00 / NA / 50
Fair = 15,000 / 65 / +6.00 / NA / 25
Reasonable = 10,000 / 60 / +7.00 / NA / 12.5
Developing = 5,000 / 55 / +8.00 / NA / 6.25
Struggling = 3,000 / 50 / +9.00 / NA / 3.125
Weak = 1,000 / 45 / +10.00 / NA / 1.5625
Fragile = 500 / 40 / +12.00 / NA / 0.78125
Basket Case = 250 / 35 / +14.00 / NA / 0.390625
Imploded = 100 / 30 / +16.00 / NA / 0.1953125
(*Lower Unemployment Scores Are Better)
