what does GDP deflator show ? how is it estimate?
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Understanding the GDP Price Deflator
Simply put, the GDP price deflator shows how much a change in GDP relies on changes in the price level. It expresses the extent of price level changes, or inflation, within the economy by tracking the prices paid by businesses, the government, and consumers.
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Understanding the GDP Price Deflator
Understanding the GDP Price DeflatorSimply put, the GDP price deflator shows how much a change in GDP relies on changes in the price level. It expresses the extent of price level changes, or inflation, within the economy by tracking the prices paid by businesses, the government, and consumers.
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