GDP deflator
6:28
Khan AcademySal Khan
GDP deflator
Examine the complexities of measuring prices in an economy with multiple goods and services. See how economists use an index to measure changes in prices over time, and to calculate real GDP and nominal GDP. You'll also learn about the GDP deflator, which is used to adjust nominal GDP for inflation in order to get real GDP.
Feb 14, 2012
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If you’re interested in business, economics, or international affairs, understanding GDP is vital. Here's what GDP is, how to calculate it, and why it’s important: https://hbs.me/4z84hccr | Harvard Business School Online
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Example calculating real GDP with a deflator
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