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Glossary - Definition of Term
Term
GDP deflator
Definition
GDP deflator is the
implicit price deflator
for GDP of which the movements in an implicit price deflator reflect both changes in price and changes in the composition of the aggregate for which the deflator is calculated.
It is acknowledged that this glossary uses descriptions of the
OECD glossary of statistical terms
, the
Glossary of the System of National Accounts 1993
and the
UN classifications registry
.
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