Definition of Gross domestic product (GDP) implicit price deflator

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TeachMeFinance.com - explain Gross domestic product (GDP) implicit price deflator



Gross domestic product (GDP) implicit price deflator

The implicit price deflator, published by the U.S. Department of Commerce, Bureau of Economic Analysis, is used to convert nominal figures to real figures.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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