GDP deflator
The index value used to eliminate the effect of inflation. Real national income is found by dividing money national income by the gdp deflator and multiplying by 100. |
Similar financial terms
GDPStands for Gross Domestic Product. The GDP is an estimate of the total money value of all the final goods and services produced in a given one-year period using the factors of production located within a particular country's borders.
Deflator
A statistical factor used to convert current dollar purchasing power into inflation-adjusted purchasing power. Enables the comparison of prices while accounting for inflation in two different time periods.
