Dividing the nominal GDP by the deflator removes the effects of inflation. For example, if an economy's prices have increased by 1% since the base year, the deflating number is 1.01. If nominal ...

The median forecast of a Bloomberg poll of 15 analysts estimated the GDP deflator, a broad metric of price changes in an economy, would hit 0.2 percent this year. The GDP deflator, which measures ...

For example, if an American produced ... figure using a constant value of money from a past base year (called a GDP deflator). Economists generally prefer real GDP. So, most of the time you ...