Glossary · Macro · GDP and output

GDP deflator

A price index for everything in GDP: nominal GDP divided by real GDP, times 100. Unlike the CPI it covers investment goods and exports too, and its basket changes every year with what is actually produced.

Also called: implicit price deflator

Taught in: Nominal vs Real GDP

Related terms

Nominal GDPReal GDPConsumer price index (CPI)

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