The deflator for GDP, thus the ratio of nominal GDP to real GDP (usually multiplied, as with a price index, by 100).
Measure of domestically generated inflation
The GDP (gross domestic product) deflator is an index reflecting changes in the price of goods and services. A positive figure represents a rise in prices, while a negative figure indicates a decline. The deflator is seen as a better barometer of price changes than the consumer price index because it incorporates components of the overall economy, including capital investments. GDP in real terms is calculated by dividing nominal GDP by the deflator. The current deflator formula is seen as overly influenced by items that swiftly spread as a result of price drops, such as personal computers. Critics point out that the deflator has fallen more than the actual prices suggest. Some noted that declines in the capital-investments-related deflator, in which information technology products were heavily represented, artificially boosted the real GDP figures.
nominal GDP divided by real GDP; it measures the level of prices of goods and services included in real GDP relative to a given base year.
A measure of the price level that is based on the prices of all the items that are included in GDP.
The price index used to measure inflation in the price of goods and services that make up GDP.
a weighted average of the prices of different goods an services, where the weights represent the importance of each of the goods and services in GDP
An acronym for Gross Domestic Product, it is a widely used index published by the U.S. Department of Labor which reduces (deflates) the cost of goods and services for purposes of analysis and comparison ignoring the effects of price inflation. Formerly referred to as the Department of Labor Price (Inflation) Index.
the GDP implied deflator is a measure of general inflation in the domestic economy. It reflects the movements of hundreds of different price indicators (especially of wages and profits) for the individual components of GDP. ( See section 3.5.1)
Is the nominal GDP divided by the real GDP (constant dollar GDP) multiplied by 100. The nominal GDP is the GDP as measured by the prevailing prices at the time of measurement. Real GDP, by contrast, is the output measured in terms of the prices prevailing in some base period.
The GDP deflator is the price index that measures the average level of the prices of all goods and services that are included in GDP.
In economics, the GDP deflator (implicit price deflator for GDP) is a measure of the change in prices of all new, domestically produced, final goods and services in an economy. GDP stands for gross domestic product, the total value of all final goods and services produced within that economy during a specified period.