This video introduces the concept of the GDP deflator and shows how it is used both to convert Nominal GDP to Real GDP and also to measure changes in the aggregate price level, or inflation.
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By Economists Do It With Models
Thank you very much, i am a junior-senior in economics major and you explain very in all your videos. i just perfectly understood deflators and inflation rate. =)
frank30col 1 month ago
Great video.
TheArfdog 1 month ago in playlist Macroeconomics 101