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GDP implicit price deflator

Current dollar GDP divided by Constant dollar GDP. This Ratio is used to Account for the effects of inflation, by reflecting the change in the prices of the bundle of goods that make up the GDP as well as the changes to the bundle itself.

Related Terms: 7 Account, Constant dollar GDP, Flat, ITS, NSTA, Ratio, Rent
Other Related Pages: Category: Economy Starting With: G
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