Economy, asked by newtonsaha38, 10 months ago

Explain the difference between GDP deflator and inflation rate. Does GDP deflator help us estimate the inflation rate?

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Answered by khushisingh4899

Answer:

The GDP price deflator measures the changes in prices for all goods and services produced in an economy. ... The GDP deflator is a more comprehensive inflation measure than the CPI index because it isn't based on a fixed basket of goods.

Answered by jaat9211

Answer:

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