The gross domestic product (GDP) price deflator is a formula that measures the amount to which the real value of an economy's total output is reduced... In economics, the GDP deflator (implicit price deflator) is a measure of the money price of all new, domestically produced, final goods and services in an economy in a year relative to
The GDP deflator is a tool that measures the gross domestic product (GDP) affected by the change in the price of the products and goods rather than the output of an economy. It What is the GDP Price Deflator? A measure of inflation in the prices of goods and services produced in the United States, including exports. The gross domestic price
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