# Economic Measurements

Economic measurements are an important part of determining an economies overall strength. There are many measurements which each have a unique feature to help tell a story about the economies overall health.

## GDP Deflator

The GDP deflator is a measure that quantifies the overall price level in an economy by comparing the nominal GDP to the real GDP, providing an indicator of inflation or deflation.

## Gross National Income Definition

GNI, or Gross National Income, is the total value of goods and services produced by a country’s residents, including income earned abroad, minus income earned by non-residents within the country.

## Real GDP: Definition & How to Calculate

Real GDP is Gross Domestic Product (GDP) that accounts for inflation or deflation.

## Deflation: Definition, Causes & Effects

Deflation can be caused from a number of factors. However, it should be noted that these factors alone may not necessarily cause deflation.

## GNP: Definition, Formula, How to Calculate & Example

Gross National Product (GNP) refers to the total value of goods and services where the means of production is owned by domestic residents.

## Purchasing Power Parity: Definition, Examples & Types

Purchasing Power Parity is a measurement that economists use to compare the spending power between two or more nations.

## Per Capita: Definition, How to Calculate & Examples

In economics it is used primarily with GDP to find measurements such as GDP per capita, real GDP per capita, GDP (PPP) per capita, and Gross National Income (GNI).

## Aggregate Demand: Definition, Components & Examples

Aggregate demand refers to all the goods produced and brought within the economy. Economists calculate this using values at a specific point in time. In other words, the monetary value of the exchange is registered over the course of a month, quarter, or year.

## Nominal GDP: Definition & Formula

Nominal GDP is the total economic output of a nation using current prices. In other words, it is the measurement of all the goods and services a country produces, in prices, at the time they are made.

## GDP: Definition, How to Calculate & Characteristics

Gross Domestic Product (GDP) refers to a nations economic output, including the goods it produces and services it sells.