Overview

real GDP


Show Summary Details

Quick Reference

Gross domestic product divided by a suitable price index, to express it in real terms. The price index used for this purpose is usually the GDP deflator; as this covers the prices of investment goods and government purchases as well as consumer expenditure, it is more suitable than the retail price index.

Subjects: Economics.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.