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What Is the GDP Price Deflator and Its Formula?
The GDP price deflator measures the reduction in the value of all of the goods and services produced in an economy when inflation is taken into account.
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SOLVED: The table below shows the GDP deflator and the CPI over the past five years. By what percentage did prices change between years for each measure?YearGDP deflatorChange GDP deflatorCPIChange CPI2016100-100-20171055.0044.00 181104.76%--20191132.73%--202012813.27217.31%
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