what is GDP deflator ?
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In economics, the GDP deflator (implicit price deflator) is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year.
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What is the GDP deflator? - the GDP processor is also called implicit price deflator is a measure of inflation. it's the ratio of the value of goods and services an economy produces in a particular year of current prices to that prevailed during the base year
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