The GDP deflator
The GDP deflator is a measure of the general level of inflation in the economy, showing the extent to which prices have changed over time. It is used to calculate real GDP.
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The syllabus topics that use this term.
The GDP deflator is a measure of the general level of inflation in the economy, showing the extent to which prices have changed over time. It is used to calculate real GDP.
The syllabus topics that use this term.