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The GDP Deflator calculator computes the ratio of Nominal GDP over the Real GDP. This reflects the prices of goods and services.
INSTRUCTIONS: Enter the following:
- (GDPnominal) This is the nominal gross domestic product.
- (GDPreal) This is the real gross domestic product.
GDP Deflator (GDPDeflator): The calculator returns the GDP Deflator.
Related Calculators
- Gross Domestic Product (GDP) by Expenditure Method
- Gross Domestic Product (GDP) by Income Method
- Gross Domestic Product (GDP) Deflator
The Math / Science
The formula for the GDP Deflator is:
GDPDeflator=GDPnominalGDPreal
where:
- GDPDeflator is the ratio of nominal and real GDP.
- GDPnominal is GDP computed using that year's prices
- GDPreal is GDP computed using the base year's prices.
Macroeconomics Calculators
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
- Price Elasticity of Demand
- Price Elasticity of Supply
- Total Surplus
- Consumer Surplus
- Producer Surplus
- GDP Growth
- GDP Deflator
- GDP by Income
- GDP Expenditure
- Net Capital Outflow
- Net Exports and Net Capital Outflow
- Dollar Conversion from Different Times
- Unemployment Rate (Friedman and Phelps)
- National Saving
- Domestic Investment
- Unemployment Rate
- Inflation Rate in Year 2 (using CPI)
- Labor Force
- Labor-Force Participation Rate
- Net Exports
- Real Exchange Rate
- Currency Converter
- Midpoint Method for Price Elasticity of Demand
- Income Elasticity of Demand
- Simple Price Elasticity of Demand
Reference:
- Mankiw, N. Gregory. "Chapter 10:The GDP Deflator." Principles of Macroeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 205. Print.