HCF of three numbers

GDP Deflator Calculator

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Microeconomics Macroeconomics

✖Nominal Gross Domestic Product is the value of all the final goods and services at current market prices.ⓘ Nominal Gross Domestic Product [NG]			+10% -10%
✖Real Gross Domestic Product is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation).ⓘ Real Gross Domestic Product [RG]			+10% -10%

✖Gross Domestic Product Deflator is a price index that shows how, on average, prices for all goods and services produced in an economy change over time.ⓘ GDP Deflator [GD]

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GDP Deflator Solution

STEP 0: Pre-Calculation Summary

Formula Used

Gross Domestic Product Deflator = Nominal Gross Domestic Product/Real Gross Domestic Product*100
GD = NG/RG*100
This formula uses 3 Variables

Variables Used

Gross Domestic Product Deflator - Gross Domestic Product Deflator is a price index that shows how, on average, prices for all goods and services produced in an economy change over time.
Nominal Gross Domestic Product - Nominal Gross Domestic Product is the value of all the final goods and services at current market prices.
Real Gross Domestic Product - Real Gross Domestic Product is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation).

STEP 1: Convert Input(s) to Base Unit

Nominal Gross Domestic Product: 15000 --> No Conversion Required
Real Gross Domestic Product: 50000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

GD = NG/RG*100 --> 15000/50000*100

Evaluating ... ...

GD = 30

STEP 3: Convert Result to Output's Unit

30 --> No Conversion Required

FINAL ANSWER

30 <-- Gross Domestic Product Deflator

(Calculation completed in 00.004 seconds)

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< Microeconomics Calculators

Gross Domestic Product

LaTeX Go Gross Domestic Product = Private Consumption+Gross Investment+Government Consumption+Net Exports of Goods and Services

Rate of Inflation

LaTeX Go Rate of Inflation = (Ending Consumer Price Index-Initial Consumer Price Index)/Initial Consumer Price Index

Average Total Cost

LaTeX Go Average Total Cost = Total Cost/Quantity of Each Order

Net Exports of Goods and Services

LaTeX Go Net Exports of Goods and Services = Exports-Imports

GDP Deflator Formula

LaTeX Go

Gross Domestic Product Deflator = Nominal Gross Domestic Product/Real Gross Domestic Product*100
GD = NG/RG*100

What do mean by the term GDP Deflator ?

GDP deflator, also known as the implicit price deflator, is used to measure inflation. It is used to determine the levels of prices of the new domestically produced final goods and services in a country in a year. GDP deflector shows the changes in the average price levels in an economy, and therefore, it is used in conjunction with the Consumer Price Index (CPI) for measuring inflation.GDP deflator consists of two important components, which are the nominal GDP and real GDP. Nominal GDP is the monetary value of all the goods and services produced in an economy and is valued at current prices, while the real GDP shows the monetary value of all the finished goods and services in an economy calculated at constant prices.

How to Calculate GDP Deflator?

GDP Deflator calculator uses Gross Domestic Product Deflator = Nominal Gross Domestic Product/Real Gross Domestic Product*100 to calculate the Gross Domestic Product Deflator, GDP Deflator is a price index that shows how, on average, prices for all goods and services produced in an economy change over time. Gross Domestic Product Deflator is denoted by GD symbol.

How to calculate GDP Deflator using this online calculator? To use this online calculator for GDP Deflator, enter Nominal Gross Domestic Product (NG) & Real Gross Domestic Product (RG) and hit the calculate button. Here is how the GDP Deflator calculation can be explained with given input values -> 30 = 15000/50000*100.

FAQ

What is GDP Deflator?

GDP Deflator is a price index that shows how, on average, prices for all goods and services produced in an economy change over time and is represented as GD = NG/RG*100 or Gross Domestic Product Deflator = Nominal Gross Domestic Product/Real Gross Domestic Product*100. Nominal Gross Domestic Product is the value of all the final goods and services at current market prices & Real Gross Domestic Product is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation).

How to calculate GDP Deflator?

GDP Deflator is a price index that shows how, on average, prices for all goods and services produced in an economy change over time is calculated using Gross Domestic Product Deflator = Nominal Gross Domestic Product/Real Gross Domestic Product*100. To calculate GDP Deflator, you need Nominal Gross Domestic Product (NG) & Real Gross Domestic Product (RG). With our tool, you need to enter the respective value for Nominal Gross Domestic Product & Real Gross Domestic Product and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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