Deflator

For GDP deflator, see GDP Deflator.

In statistics, a deflator is a value that allows data to be measured over time in terms of some base period, usually through a price index, in order to distinguish between changes in the money value of a gross national product (GNP) that come from a change in prices, and changes from a change in physical output. It is the measure of the price level for some quantity. A deflator serves as a price index in which the effects of inflation are nulled.[1][2][3] It is the difference between real and nominal GDP.[4][5]

In the United States, the import and export price indexes produced by the International Price Program are used as deflators in national accounts. For example, the gross domestic product (GDP) equals consumption expenditures plus net investment plus government expenditures plus exports minus imports. Various price indexes are used to "deflate" each component of the GDP to make the GDP figures comparable over time. Import price indexes are used to deflate the import component (i.e., import volume is divided by the Import Price index) and the export price indexes are used to deflate the export component (i.e., export volume is divided by the Export Price index).[1]

It is generally used as a statistical tool to convert dollars purchasing power into "inflation-adjusted" purchasing power, thus enabling the comparison of prices while accounting for inflation in various time periods.[6][7][8]

See also

References

  1. ^ a b "BLS Information". Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. Retrieved 2009-05-05.
  2. ^ "Deardorff's Glossary of International Economics". D. umweb. Retrieved 2009-05-10.
  3. ^ "Orbex Financial Glossary". Glossary. Orbex. November 30, 2014. Retrieved 2014-12-02.
  4. ^ "The forex quick guide for beginners and private traders". Forex. 2008. Archived from the original on November 30, 2014. Retrieved 2009-05-10.
  5. ^ "Economic terms". Glossary. National Statistics. 7 January 2004. Archived from the original on 2011-09-07. Retrieved 2009-05-10.
  6. ^ "deflator". definition. investorwords.com. Retrieved 2009-05-10.
  7. ^ "deflator". Memidex/WordNet Dictionary/Thesaurus. Retrieved 2011-08-18.
  8. ^ "Deflator". The free dictionary by farlex. Retrieved 2009-05-10.
Wiktionary logo
Look up deflator in Wiktionary, the free dictionary.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.