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GDP deflator
(redirected from Implicit price deflator for GDP)

   Also found in: Wikipedia 0.01 sec.
GDP deflator
A price index used to adjust gross domestic product for changes in prices of goods and services included in the GDP. The GDP deflator is a more broadly based and, many economists argue, a better measure of inflation than the consumer price index or the producer price index. Also called gross domestic product deflator.


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