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Formulas to Measure a Regional or National Economy

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Independence Hill
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Formulas to Measure a Regional or National Economy

Postby Independence Hill » Sat Apr 03, 2021 11:13 am

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

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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)

Average Cost of an Automobile: (Automobile Manufacturing x Productivity Score) / 404,000,000 x Average Income of the Poor

If your nation has an economic classification of 'Frightening,' the formula for an average cost of an automobile changes to (Automobile Manufacturing x Productivity Score) / (404,000,000 x 30) x Average Income of the Poor. (x20 for all consuming. X10 for powerhouse.)

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%

Exports: NSDossier

Imports: NSDossier

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).

Cost of a Gallon of Gas: √(Automobile Price * EPR / 404,000,000)

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.

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: (Productivity / Classification / *Unemployment Score / Rent Multiplier)

Frightening = 50,000 / 100 / +2 / (x1.75)

All-Consuming = 45,000 / 95 / +2.50 / (x1.50)

Powerhouse = 40,000 / 90 / +3.00 (x1.25)

Thriving = 35,000 / 85 / +3.50

Very Strong = 30,000 / 80 / +4.00

Strong = 25,000 / 75 / +4.50

Good = 20,000 / 70 / +5.00

Fair = 15,000 / 65 / +6.00

Reasonable = 10,000 / 60 / +7.00

Developing = 5,000 / 55 / +8.00

Struggling = 3,000 / 50 / +9.00

Weak = 1,000 / 45 / +10.00

Fragile = 500 / 40 / +12.00

Basket Case = 250 / 35 / +14.00

Imploded = 100 / 30 / +16.00

(*Lower Unemployment Scores Are Better)
Last edited by Independence Hill on Sun Apr 18, 2021 6:01 pm, edited 3 times in total.

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Independence Hill
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Postby Independence Hill » Sat Apr 03, 2021 11:17 am

This is the outcome of applying these formulas to measure my regional economy




------------------------------------------------------------General Information----------------------------------
Date: 4/2/21

Total Population: 27.638 B

National Civil Rights: 70.09 (Excellent)

National Economy: 89.64 (Thriving)

National Political Freedom: 66.54 (Very Good)

Avg IQ: 105
------------------------------------------------------------------------Economy---------------------------------
Unemployment Rate: 3.76%

Minimum Wage: []11.15/Hr ($31.78/Hr)

GRP: []2.6 Q

GRP Per Capita: []94,073.37

Exchange Rate: []1.00 = $2.85

Avg Income: Poorest 10%: []36,067.29 ($102,791.78) | Middle Class: []88,117.93 ($251,136.10) | Wealthiest 10%: []231,970.00 ($661,114.5)

Avg Cost of a Gallon of Gasoline: []1.01/Gal ($2.88/Gal)

Avg Cost of an Automobile: []11,836.11 ($33,732.91)

Avg Monthly Rental Costs: []155.41 ($442.92)

Avg Cost of a Residential Property: []131,583.97 ($375,014.00)
------------------------------------------------------------------Federal Budget----------------------------------------
Federal Tax Rate: 54%

Federal Revenue: []670.8 T ($1.912 Q)

Federal Spending: -[]115 T (-$327.75 T)

Purchases: -[]1.138 T Arvan Tech Inc. GL (-$3.2433 T)

Surplus/Deficit: []554.662 T ($1.581 Q)

Cash On Hand: []2.755 Q ($7.85 Q)

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Texkentuck
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Postby Texkentuck » Sat Apr 03, 2021 12:17 pm

Thank you this helps

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Independence Hill
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Postby Independence Hill » Sat Apr 03, 2021 12:19 pm

Texkentuck wrote:Thank you this helps


I really appreciate that. Thank you.

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Independence Hill
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Postby Independence Hill » Sun Apr 04, 2021 10:43 am

If we could all get onto one standard way of measuring our economies, the easier other things will be. At the moment, I have worked out enough math to provide a framework for everyone to use. This framework tells you incomes, prices, and exchange rate. It tells you everything you would want to know about your nation economically.

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Human-Union
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Postby Human-Union » Wed Apr 07, 2021 4:02 pm

Sweet, bookmarked

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Independence Hill
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Postby Independence Hill » Wed Apr 07, 2021 4:24 pm

Human-Union wrote:Sweet, bookmarked



Thank you so much. I'm glad you like my work.

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Independence Hill
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Postby Independence Hill » Sat Apr 10, 2021 4:23 pm

Independence Hill wrote:
Human-Union wrote:Sweet, bookmarked



Thank you so much. I'm glad you like my work.


Bump

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New Jacobland
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Postby New Jacobland » Mon Apr 26, 2021 7:34 pm

Tag

These formulae look great! I haven't tested them out but it looks good.
Link here

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If I am in a non-The Western Isles RP, ignore all factbooks not marked [FORUM].

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Independence Hill
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Postby Independence Hill » Tue Apr 27, 2021 4:05 pm

New Jacobland wrote:Tag

These formulae look great! I haven't tested them out but it looks good.


Thank you so much. I urge you to test them out. Other nations have asked me to do and redo their economic reports. I've made a lot of people happy with the Role Play Done Real concept.


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