Short Notes: Gross Domestic Product (GDP) deflator
Posted by Ripon Abu Hasnat on Tuesday, May 27, 2014 | 0 comments
Nominal GDP divided
by real (constant dollar GDP) multiplied by 100. Nominal GDP is the value of
output measured in terms of the prices prevailing in the accounting period in
question. Real GDP is that output measured in terms of the prices prevailing in
some base period. The value of the deflator in the base period is always 100.
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