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A deflator is a technique of
Adjusting for changes in price level
Adjusting for change in commodity
Accounting for decline of-GNP
Accounting for higher increase of GNP
The GDP price deflator measures the changes in prices for all of the goods and services produced in an economy. Using the GDP price deflator helps economists compare the levels of real economic activity from one year to another. The GDP price deflator is a more comprehensive inflation measure than the CPI index because it isn't based on a fixed basket of goods.
By: Kamal Kashyap ProfileResourcesReport error
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