How does the GDP Deflator Calculator work?
Calculates the GDP Deflator using nominal and real GDP
What formulas are used for GDP Deflator?
GDP Deflator = Nominal GDP * 100/Real GDP
What 6 concepts are covered in the GDP Deflator Calculator?
consumption
an activity in which institutional units use up goods or services
export
movable goods produced within the boundaries of one country, which are traded with another country
gdp
Gross Domestic Product. GDP measures the monetary value of final goods and services - that is, those that are bought by the final user-produced in a country in a given period of time
gdp deflator
measures the change in the annual domestic production due to changes in price rates in the economy.
import
goods produced outside the boundaries of one country, which are then purchased by that country
investment
an asset or item acquired with the goal of generating income or appreciation.
