GDP Price Deflator
Because it isn't based on a fixed basket of goods and services, the GDP deflator has an advantage over the Consumer Price Index. Changes in consumption patterns or the introduction of new goods and services are automatically reflected in the deflator.
Investment dictionary. Academic. 2012.
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GDP implicit price deflator — An economic technique used to account for inflation by comparing the current dollar gross domestic product GDP to >constant dollar GDP as a ratio. The ratio accounts for price changes of goods and services that make up GDP and changes in the… … Financial and business terms
Gross domestic product (GDP) implicit price deflator — The implicit price deflator, published by the U.S. Department of Commerce, Bureau of Economic Analysis, is used to convert nominal figures to real figures. U.S. Dept. of Energy, Energy Information Administration s Energy Glossary … Energy terms
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deflator — A statistical factor used to convert current dollar purchasing power into inflation adjusted purchasing power. Enables the comparison of prices while accounting for inflation in two different time periods. Bloomberg Financial Dictionary * * *… … Financial and business terms
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price index — an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100. [1885 90] * * * Measure of change in a set of prices, consisting … Universalium
GDP Deflator — A price index applied to the cash or nominal estimates of gross domestic product in order to produce a more accurate or real value of GDP. Deflators remove the effects of inflation, which boosts the nominal value of GDP but does not change the … Financial and business terms
United States Consumer Price Index — The U.S. Consumer Price Index is a time series measure of the price level of consumer goods and services. The Bureau of Labor Statistics, which started the statistic in 1919, publishes the CPI on a monthly basis. The CPI is calculated by… … Wikipedia
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