The ratio of a nominal magnitude to its real counterpart. Usually refers, as with the GDP deflator, when the real magnitude has been constructed from underlying data and not by simply deflating the nominal magnitude by a corresponding price index, in which case the deflator itself may be used as though it were a price index.
Browse by Subjects
See All Related Terms »
Narrow-based index (NBI)
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):