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GDP Deflator Formula

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Gross Domestic Product Deflator is a price index that shows how, on average, prices for all goods and services produced in an economy change over time. Check FAQs

GD = \frac{NG}{RG} \cdot 100

GD - Gross Domestic Product Deflator?NG - Nominal Gross Domestic Product?RG - Real Gross Domestic Product?

GDP Deflator Example

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With units

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Here is how the GDP Deflator equation looks like with Values.

Here is how the GDP Deflator equation looks like with Units.

Here is how the GDP Deflator equation looks like.

30 = \frac{15000}{50000} \cdot 100

30 = \frac{15000}{50000} \cdot 100

30 = \frac{15000}{50000} \cdot 100

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GDP Deflator Solution

Follow our step by step solution on how to calculate GDP Deflator?

FIRST Step Consider the formula

GD = \frac{NG}{RG} \cdot 100

Next Step Substitute values of Variables

∴

GD = \frac{15000}{50000} \cdot 100

Next Step Prepare to Evaluate

∴

GD = \frac{15000}{50000} \cdot 100

LAST Step Evaluate

∴

GD = 30

GDP Deflator Formula Elements

Variables

Gross Domestic Product Deflator

Gross Domestic Product Deflator is a price index that shows how, on average, prices for all goods and services produced in an economy change over time.

Symbol: GD

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Gross Domestic Product Deflator

Nominal Gross Domestic Product

Nominal Gross Domestic Product is the value of all the final goods and services at current market prices.

Symbol: NG

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Nominal Gross Domestic Product

Real Gross Domestic Product

Real Gross Domestic Product is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation).

Symbol: RG

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Real Gross Domestic Product

Other formulas in Microeconomics category

Go Average Total Cost

ATC = \frac{Tc}{Q}

Go Gross Domestic Product

GDP = PCN + GI + G + NX

Go Rate of Inflation

R = \frac{ECPI - ICPI}{ICPI}

Go Net Exports of Goods and Services

NX = X - M

How to Evaluate GDP Deflator?

GDP Deflator evaluator uses Gross Domestic Product Deflator = Nominal Gross Domestic Product/Real Gross Domestic Product*100 to evaluate the Gross Domestic Product Deflator, GDP Deflator is a price index that shows how, on average, prices for all goods and services produced in an economy change over time. Gross Domestic Product Deflator is denoted by GD symbol.

How to evaluate GDP Deflator using this online evaluator? To use this online evaluator for GDP Deflator, enter Nominal Gross Domestic Product (NG) & Real Gross Domestic Product (RG) and hit the calculate button.

FAQs on GDP Deflator

What is the formula to find GDP Deflator?

The formula of GDP Deflator is expressed as Gross Domestic Product Deflator = Nominal Gross Domestic Product/Real Gross Domestic Product*100. Here is an example- 30 = 15000/50000*100.

How to calculate GDP Deflator?

With Nominal Gross Domestic Product (NG) & Real Gross Domestic Product (RG) we can find GDP Deflator using the formula - Gross Domestic Product Deflator = Nominal Gross Domestic Product/Real Gross Domestic Product*100.

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GDP Deflator Formula

GDP Deflator Example

GDP Deflator Solution

GDP Deflator Formula Elements

Other formulas in Microeconomics category

How to Evaluate GDP Deflator?

FAQs on GDP Deflator

Variable Name