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GDPGross domestic product.GDPSee: Gross Domestic ProductGDP Similar MatchesGDP deflatorGDP deflatorThe deflator for GDP, thus the ratio of nominal GDP to real GDP (usually multiplied, as with a price index, by 100). GDP implicit price deflatorGDP implicit price deflatorAn 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. Real GDPReal GDPInflation-adjusted measure of Gross Domestic Product. Real GDPReal GDPThe real counterpart to nominal GDP, obtained by valuing output in a given year by prices from another year, called the base year. Gross domestic product (GDP)Gross domestic product (GDP)The market value of goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas. |
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