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.
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.
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.
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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.
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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).
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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.
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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.
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