Explain the difference between GDP deflator and inflation rate. Does G – InterviewSolution

1.

Explain the difference between GDP deflator and inflation rate. Does GDP deflator help us estimate the inflation rate?

Answer»

The GDP price deflator measures the CHANGES in PRICES for all goods and services produced in an economy. ... The GDP deflator is a more comprehensive inflation measure than the CPI index because it isn't BASED on a fixed BASKET of goods.

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