GDP deflator


Gross Domestic Product deflator. A measure of the change in prices of goods newly produced within a country over the course of a specific time period. It is used in economics to account for inflation. When the deflator is used, it allows GDP to be compared to other time periods in constant dollars.

Use GDP deflator in a sentence

If you want to know how things have been progressing you may want to follow something as the GDP deflator for your business.

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The gdp deflator was a useful metric for getting a picture of the inflation rate that was seriously affecting purchasing power.

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My boss was shocked to discover that our country's GDP did not appear to have grown much on the chart he was looking at, but I explained the chart was structured to account for a GDP deflator so we could more easily compare the economy across time.

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