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3 results for “deflator”

Formulae (3)

Real\ GDP = \dfrac{Nominal\ GDP}{Deflator}\times 100

Output adjusted for inflation, so growth reflects real production, not rising prices.

Deflator = \dfrac{Nominal\ GDP}{Real\ GDP}\times 100

A broad price index covering all goods in GDP, not just a consumer basket.

Real = \frac{Nominal}{Deflator}\times 100

GDP adjusted for inflation.