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Investing Glossary:
GDP implicit price deflator
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| GDP implicit price deflator
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| Definition: |
| An economic technique used to Account for Inflation by comparing the current-dollar gross domestic product GDP to constant-dollar GDP as a ratio. The Ratio accounts for price changes of goods and services that make Up GDP and changes in the composite of GDP.
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