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  • GDP Deflator

Formula for the GDP Deflator as a Ratio of Nominal to Real GDP

The GDP deflator is expressed as the ratio of nominal GDP (measured at current prices) to real GDP (measured at constant prices), typically multiplied by 100 to create a price index. This formula provides a direct method for calculating the economy's overall price level from the two primary measures of economic output. The formula is: GDP Deflator=Nominal GDPReal GDP×100\text{GDP Deflator} = \frac{\text{Nominal GDP}}{\text{Real GDP}} \times 100

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Economics

Economy

Introduction to Macroeconomics Course

Ch.4 Inflation and unemployment - The Economy 2.0 Macroeconomics @ CORE Econ

The Economy 2.0 Macroeconomics @ CORE Econ

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