Deflator

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 a 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.[1] A deflator serves as a price index in which the effects of inflation are nulled. [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).[2]

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. ^ "Economics Glossary". Argmax. 2009. http://www.argmax.com/About/articles.php?name=saved/bld.htm. Retrieved 2009-05-10. [dead link]
  2. ^ a b "BLS Information". Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. http://www.bls.gov/bls/glossary.htm. Retrieved 2009-05-05. 
  3. ^ "Deardorff's Glossary of International Economics". D. umweb. http://www-personal.umich.edu/~alandear/glossary/d.html. Retrieved 2009-05-10. 
  4. ^ "The forex quick guide for beginners and private traders". Forex. 2008. http://euro.uz/forex/41.htm. Retrieved 2009-05-10. [dead link]
  5. ^ "Economic terms". Glossary. National Statistics. Friday, 7 January 2004. http://www.statistics.gov.uk/about/glossary/economic_terms.asp. Retrieved 2009-05-10. 
  6. ^ "deflator". definition. investorwords.com. http://www.investorwords.com/1377/deflator.html. Retrieved 2009-05-10. 
  7. ^ "deflator". Memidex/WordNet Dictionary/Thesaurus. http://www.memidex.com/deflator. Retrieved 2011-08-18. 
  8. ^ "Deflator". The free dictionary by farlex. http://financial-dictionary.thefreedictionary.com/Deflator. Retrieved 2009-05-10. 

External links


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Look at other dictionaries:

  • deflator — n. a statistical factor designed to remove the effect of inflation; inflation adjusted variables are in constant dollars; as, the GNP deflator.. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • deflator — deflatór s.m., pl. deflatóri Trimis de siveco, 10.06.2007. Sursa: Dicţionar ortografic  DEFLATÓR s. m. indice al deprecierii banilor, servind la înlăturarea unor efecte ale inflaţiei. (< germ. Deflator) Trimis de raduborza, 15.09.2007. Sursa …   Dicționar Român

  • deflator — A statistical factor used to convert current dollar purchasing power into inflation adjusted purchasing power. Enables the comparison of prices while accounting for inflation in two different time periods. Bloomberg Financial Dictionary * * *… …   Financial and business terms

  • deflator — deflate ► VERB 1) let air or gas out of (a tyre, balloon, etc.). 2) cause to feel suddenly dispirited. 3) reduce price levels in (an economy). DERIVATIVES deflator noun …   English terms dictionary

  • deflator — noun see deflate …   New Collegiate Dictionary

  • deflator — See deflate. * * * …   Universalium

  • deflator — noun A factor applied to economic statistics in order to counter the effect of inflation …   Wiktionary

  • deflator — n. something which causes deflation (reduction in the amount of money in circulation, increase in buying power, lowering of prices) …   English contemporary dictionary

  • deflator — de·fla·tor …   English syllables

  • deflator — /dəˈfleɪtə/ (say duh flaytuh) noun 1. someone or something that causes deflation. 2. a statistical tool used to convert current dollars into dollars which are adjusted for inflation, so as to compare prices over time realistically …  

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