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Topic: GDP deflator

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Implicit Price Deflator for Personal Consumption Expenditures

Price index

Gross domestic product

Real GDP

Inflation

Consumer Price Index

Economics

Producer price index

Natural gross domestic product

Market basket

Measures of national income

Money supply

Bureau of Economic Analysis

Supply and demand

GNP

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	What Was the GDP Then? \| EH.Net
		For example, nominal GDP in 1990, $5,803 billion, is calculated using year 1990 prices for goods and services.
		GDP per capita is calculated by dividing either nominal or real GDP for a given year by the population in that year.
		The nominal GDP per capita in 1870 was $195, while in 2005 was $42,079; the real GDP per capita for those same years was $2,509 and $37,522.
	eh.net /hmit/gdp (372 words)

	GDP deflator - Wikipedia, the free encyclopedia
		In economics, the GDP deflator (implicit price deflator for GDP) is a measure of the change in prices of all new, domestically produced, final goods and services in an economy.
		GDP stands for gross domestic product, the total value of all goods and services produced within that economy during a specified period.
		The GDP and GDP deflator are calculated by the Bureau of Economic Analysis (BEA).
	www.wikipedia.org /wiki/GDP_deflator (417 words)

	Economic History Resources - What is its Relative Value in U.K. Pounds?
		GDP Deflator: The GDP (gross-domestic-product) deflator is an index that incorporates all domestic production of goods and services — not only commodities purchased by households but also investment (machinery, equipment, and construction) as well as government expenditure.
		GDP in constant (1995) prices for 1830-1948 is linked to the 1948-2002 series by multiplication by the 1948 ratio of the latter to the former series.
		(2) Per-capita GDP is the ratio of current-prices GDP to population.
	www.eh.net /hmit/ukcompare/ukcompessay.htm (2123 words)

	* GDP deflator - (Business): Definition (Site not responding. Last check: 2007-11-06)
		GDP deflator: A price index based on the calculation of real gross domestic product that's used as an indicator of average prices in the economy.
		GDP deflator: A measure of the cost of goods purchased by U.S. households, government, and industry.
		GDP deflator which is used to adjust measures of gross domestic product for inflation.
	www.mimihu.com /business/gdp_deflator.html (164 words)

	Talk:GDP deflator - Wikipedia, the free encyclopedia
		With the deflator formula as it is, GDP growth can only be 0%.
		Firstly, deflator is the technical term used in a variety of literature on the subject, and is the language that technical economists use.
		Should it read "The GDP deflator is based on a market basket of goods and services which is not fixed." --136.2.1.153 18:11, 19 August 2005 (UTC)
	en.wikipedia.org /wiki/Talk:GDP_deflator (354 words)

	2006 Trustees Report: Section V.B, Economic assumptions & methods
		The GDP deflator increased by 4.1 percent for 1964 to 2004, and by 4.6, 6.9, 2.9, and 1.9 percent annually for the same respective 10-year periods.
		The ratio of compensation to GDP is assumed to be stable.
		For the intermediate assumptions, the average annual growth in real GDP is projected to be 2.6 percent from 2005 to 2015, a slower rate than the 3.2 percent average observed over the historical 40-year period from 1964 to 2004.
	www.ssa.gov /OACT/TR/TR06/V_economic.html (4048 words)

	Encyclopedia: GDP deflator
		Gross Domestic Product (GDP), a calculation method in national accounting (see Measures of national income and output) is defined as the total value of final goods and services produced within a countrys borders in a year, regardless of ownership.
		The GDP deflator was revised down slightly from a 1.7 percent rate to a 1.6 percent rate revealing that inflation is not a concern these days.
		Real final sales are also expected to remain near their last estimate which showed an 8 percent rate of growth and the GDP deflator should not differ from the previously reported 1.7 percent rate.
	www.nationmaster.com /encyclopedia/GDP_deflator (410 words)

	Econoday Reports - Gross Domestic Product April 29, 2004 (Site not responding. Last check: 2007-11-06)
		The Commerce Department's advance estimate shows that real GDP grew at a 4.2 percent rate in the first quarter, roughly at the same pace as in the fourth quarter of 2003.
		However, the GDP deflator increased at a 2.5 percent rate in the first quarter, a full percentage point faster than in the fourth quarter of 2003.
		The acceleration in the GDP deflator was pretty widespread among the various sectors of the economy.
	mam.econoday.com /reports/US/EN/New_York/gdp/year/2004/yearly/04 (602 words)

	Econoday Reports - GDP December 23, 2003 (Site not responding. Last check: 2007-11-06)
		The Commerce Department's final revision shows that real GDP grew at an 8.2 percent rate in the third quarter, unchanged from last month's report despite large scale benchmark revisions that were released on December 10.
		The GDP figures are not likely to have much impact on financial market players today since they were exactly in line with expectations -- and virtually unchanged from the previous report.
		It is common to compare quarterly changes at annual rates in the GDP deflator.
	mam.econoday.com /reports/US/EN/New_York/gdp/year/2003/yearly/12 (435 words)

	What was the GDP then? \| EH.Net
		For example, real GDP in 1990, $7,112 billion in year 2000 dollars, is calculated using 2000 prices for goods and services.
		GDP per capita is calculated by dividing either nominal or real GDP for a given year by the population in that year.
		The nominal GDP per capita in 1870 was $193, while in 2004 was $39,960; the real GDP per capita for those same years was $2,584 and $36,627.
	www.eh.net /hmit/gdp (369 words)

	SparkNotes: Measuring the Economy 1: Gross Domestic Product (GDP)
		GDP tries to capture all final goods and services as long as they are produced within the country, thereby assuring that the final monetary value of everything that is created in a country is represented in the GDP.
		The GDP deflator is the ratio of nominal GDP to real GDP for a given year minus 1.
		GDP per capita, the GDP divided by the size of the population, gives the amount of GDP that each individual gets, on average, and thereby provides an excellent measure of standard of living within an economy.
	www.sparknotes.com /economics/macro/measuring1/section1.html (2019 words)

	Measuring Worth - Relative Value in US Dollars
		Using the CPI or GDP deflator for 1825 shows that it would be about $148 million, not more than the cost today of a few miles of Interstate highway.
		GDP per capita and GDP are 89 and 212 times larger in 2005 than they were in 1932.
		Using the 2005 table and the CPI and the GDP deflator, we see that gasoline was most expensive in 1980 and 1981 and the cheapest in 1998 and 1999.
	measuringworth.com /calculators/uscompare (2290 words)

	Intermediate Macroeconomics - Measuring the Macroeconomy
		GDP may grow because of increases in output, but the possible associated increase in pollution is not recognized.
		The GDP Deflator (also known as the Implicit GDP Deflator or Implicit Price Deflator) is a price index that represents the change in the average level of prices of all goods and services produced in an economy (i.e., included in GDP).
		For example, the 1997 GDP deflator is based on a comparison of the total value of all goods and services produced in 1997 with what those same goods and services would have cost using base year prices.
	mason.gmu.edu /~tlidderd/311/ch2Lect.html (5693 words)

	Seasongood Asset Management \| Economic Indicators \| Gross Domestic Product
		GDP represents the total value of the country's production during the period and consists of the purchases of domestically-produced goods and services by individuals, businesses, foreigners and government entities.
		The GDP Deflator is released concurrent with GDP.
		The deflator is a comprehensive indicator of inflation.
	sgood.com /economic_indicators/gdp.htm (319 words)

	B. ECONOMIC ASSUMPTIONS AND METHODS
		The GDP deflator has increased by 4.0 percent for 1962 to 2002, and by 3.4, 7.6, 3.3, and 1.9 percent annually for the same respective 10-year periods.
		Hence, for the intermediate assumptions, the ultimate annual increase in the GDP deflator is 2.5 percent, the sum of the 2.8 percent assumed ultimate annual increase in the CPI and the -0.3 percentage point price differential.
		For the intermediate assumptions, the average annual growth in real GDP is projected to be 2.9 percent over the short-range projection period (2004-13), a slower rate than the 3.3 percent average observed over the historical 40-year period (1962-2002).
	www.ssa.gov /OACT/TR/TR04/V_economic.html (3849 words)

	[No title] (Site not responding. Last check: 2007-11-06)
		Calculate the GDP deflator for this economy in 1995.
		We have the following data on nominal GDP and the real GDP for 2002 and 2003: 20022003Nominal GDP$150 billion$151 billionReal GDP (base year 1992)$148 billion$146 billion Calculate the GDP deflator for 2002 and 2003 and also calculate the annual inflation rate in the GDP deflator.
		GDP deflator in 2002 = 101.35; GDP deflator in 2003 = 103.42; Inflation rate in the GDP deflator = 2.05%.
	students.washington.edu /egulyas/ECON301ASU04/Practice_Nom_real.doc (517 words)

	SurfWax: News, Reviews and Articles On GDP Deflator
		That would mark the first increase in the GDP deflator since fiscal 1997, when the consumption tax rate was hiked to 5% from 3% and inflated overall prices...
		But one board member countered that "if the judgment of whether the economy is in deflation is to be primarily based on the assessment of prices of goods and services consumed by households, the GDP deflator, which includes other demand components such as private investment, government spending, and net...
		The GDP deflator, a measure of price changes that is used to calculate the difference between nominal and real GDP, fell in line with forecasts by 0.
	economics.surfwax.com /files/Gdp_Deflator.html (948 words)

	[No title] (Site not responding. Last check: 2007-11-06)
		The deflator is telling the ratio of the nominal values of a large basket of goods in two different years multiplied by a hundred.
		Since it is the GDP deflator with base 1992 the basket of goods is all the goods produced in 1992.
		By adjusting GDP using a price index such as the GDP deflator we can try to see approximately what GDP would be if it were measured in a constant set of prices.
	listbot.csustan.edu /pipermail/econ5050/2002-April.txt (2267 words)

	Econoday Report: Gross Domestic Product 30, 2006
		Second quarter real GDP was revised up to an annualized growth rate of 2.9 percent from the initial 2.5 percent estimate for the second quarter.
		The overall GDP deflator was unrevised at 3.3 percent annualized following a 3.3 percent rise in the first quarter.
		The core deflator for PCEs - the preferred inflation measure of the Fed - was revised down slightly to 2.8 percent annualized from the prior estimate of 2.9 percent annualized.
	www.nasdaq.com /econoday/reports/US/EN/New_York/gdp/year/2006/yearly/08/index.html (599 words)

	[No title]
		Q5 and Q8 Question 5 a) The GDP deflator is equal to (Nominal GDP/Real GDP) (100.
		Thus, roughly two-thirds (19.1/28.8 = 0.663) of the change in nominal GDP from 1999 to 2004 was the result of changes in quantities, meaning that roughly one-third was the result of changes in prices.
		The values for the deflator are: Year 1: Deflator = (440/440) (100 = 100 Year 2: Deflator = (510/390) (100 = 130.8 The change in the GDP deflator from Year 1 to Year 2 is (130.8 — 100)/100 = 0.308 or 30.8 percent.
	web.uvic.ca /~jyhyawch/Econ104s003/Chapter20.doc (453 words)

	Background Information
		GDP is equivalent to the value added to the economy by this activity.
		GDP figures are released quarterly along with other National Accounts data and are available from the ONS or in it's publications such as Economic Trends and the Blue Book.
		The GDP deflator is a much broader price index than the CPI, RPI or RPIX (which only measure consumer prices) as it reflects the prices of all domestically produced goods and services in the economy.
	www.hm-treasury.gov.uk /economic_data_and_tools/gdp_deflators/data_gdp_backgd.cfm (670 words)

	Briefing.com: GDP-Adv.
		In addition to the GDP figures, there are GDP deflators, which measure the change in prices in total GDP and for each component.
		With both GDP and the deflator, the market tends to focus on the quarter/quarter change.
		The bond market often reacts to GDP, though the price moves are typically small, as much of the GDP data is easily predicted using monthly economic releases such as personal consumption, durable goods shipments, construction spending, international trade, and inventories.
	www.briefing.com /Investor/Public/MarketAnalysis/Calendars/EconomicReleases/gdp.htm (600 words)

	[No title]
		Note that all real GDP calculations in this have been done using the base year of 1998; we can only compare real GDPs of two years or the GDP deflators of two years if they are calculated with the same base year.
		So dividing the year 2000 GDP of 520 by the year 2000 GDP deflator of 200 and multiplying by 100 we obtain 260, which is year 2000 real GDP.
		But also the GDP deflator calculation uses the quantities of each year, so that the 1999 GDP deflator is calculated using 1999 quantities and the year 2000 GDP deflator is calculated using year 2000 quantities.
	socserv2.socsci.mcmaster.ca /~econ/faculty/veall/c7.htm (2158 words)

	Gross Domestic Product
		GDP has risen by 12% from the first year to the second, but this increase is only partially due to additional output.
		Also, notice that the GDP deflator is not identical with the CPI but provides an alternative to the CPI as a measure of inflation.
		For example, from 1974 to 1975 the deflator showed inflation increasing from a 5.9% rate to a 9.3% rate, while the CPI showed it decreasing from an 11% rate to a 9.1% rate.
	ingrimayne.saintjoe.edu /econ/Measuring/GNP1.html (976 words)

	2007 Trustees Report: Section V.B, Economic assumptions & methods
		The GDP deflator increased by 4.1 percent for 1965 to 2005, and by 5.4, 6.3, 2.8, and 2.0 percent annually for the same respective 10-year periods.
		For the intermediate assumptions, the annual change in the CPI is assumed to decrease from 3.3 percent for 2006 to 1.9 percent for 2007, then rise gradually to the assumed ultimate rate of 2.8 percent for 2010 and later.
		For the intermediate assumptions, the average annual growth in real GDP is projected to be 2.5 percent from 2006 to 2016, a slower rate than the 3.2 percent average observed over the historical 40-year period from 1965 to 2005.
	www.ssa.gov /OACT/TR/TR07/V_economic.html (3981 words)

	Gross domestic product
		GDP on an income or output basis is probably at factor cost while the expenditure measures are usually at market prices, but the only way to be sure is to check the basis of the figures in question.
		Every component of GDP (consumption, investment, exports, imports) is measured at both constant and current prices to allow economists to see how real output is changing, or how demand is changing for each type of expenditure, or how incomes are changing after adjusting for inflation.
		The GDP deflator calculated from expenditure data at factor cost is also known as the implicit price deflator.
	countrydata.bvdep.com /EIU/Help/gdp.htm (1378 words)

	[No title] (Site not responding. Last check: 2007-11-06)
		A chain weight index is essentially a geometric average of a Paasche and Laspeyres price index; the inflation rate for a year is calculated by averaging the inflation measures using the start of period basket and the end of period basket.
		Because the chain-weight GDP deflator addresses the \ldblquote substitution bias\rdblquote issue detailed in section 3, traditional real GDP calculations using the prices in the base year a s fixed weights tend to overstate real output growth after the base year and understate real output growth before the base year.
		Similarly, the GDP deflator computed using the fixed-weight real GDP figures will tend to understate the rate of inflation implied by the chain-weight GDP deflator after the base year and overstate inflation before the base year.
	www.holycross.edu /departments/economics/mcahill/s1.rtf (447 words)

	Econoday Report: Gross Domestic Product 28, 2006
		GDP rose in line with expectations with a 4.8% boost the first quarter to an adjusted annual rate of $11.381 trillion.
		Price readings were steady overall, with the GDP deflator rising 3.3% vs. the 3.5% rate of the fourth quarter.
		Most economists also believe that the GDP deflator will show a more moderate gain in the first quarter than the fourth quarter's 3.3 percent rate.
	www.nasdaq.com /econoday/reports/US/EN/New_York/gdp/year/2006/yearly/04/index.html (495 words)

	GDP DEFLATOR
		The GDP deflator is the ratio of nominal GDP to real GDP, it reflects the current level of prices relative to the level of prices in the base year.
		But, they are a part of our typical basket of goods so a price increase in Ferrari’s would affect the CPI and not the GDP deflator.
		The first and most important difference between the CPI and the GDP deflator is the price of crude oil.
	www.mnstate.edu /stutes/Dict/G/GDP%202/GDP%20DEFLATOR.htm (189 words)

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