With inflation rates rising around the globe, knowing how to calculate the rate using the GDP deflator is a useful tool. Inflation itself is the percentage change in price level f ...

Now, let's calculate real GDP to account for inflation using a hypothetical price index (GDP deflator). Let's assume the GDP deflator for 2023 is 100 and for 2024 is 120 (based on the prices of ...

The GDP price deflator is a measure of how the price of all those good and services has changed. To calculate, use the following equation: GDP Price Deflator = (Nominal GDP ÷ Real GDP) × 100 ...