What Is a GNP Deflator?

The Gross National Product Deflator [GNP deflator (Gross National Product Deflator) is the ratio of the gross national product calculated at current prices to the gross national product calculated at constant prices. It can reflect changes in the prices of all means of production, consumer goods and labor costs.

GNP deflator

It measures the final products and services produced and provided by a country's economy in different periods.
GDP deflator = GDP calculated in the reporting period ÷ current GDP calculated in the base period price index × 100%

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