Discover how the GNP Deflator measures inflation's impact on GNP, how it's calculated, and why it's vital for economic analysis.

Real gross domestic product is often a more accurate reflection of the output of an economy than nominal GDP. By eliminating ...

The nominal interest rate is the simple interest charged on a loan or paid on a deposit. Real interest is nominal interest after taking inflation’s effects into account. Economists, as well as lenders ...