Business, Legal & Accounting Glossary
GDP measured in current year dollars. Comparing it to other years’ GDP measures will not eliminate the effects of inflation unless those measures are converted into current dollars.
The current dollar GDP for the U.S. was quite healthy and Bernard was please that his own shoe sales business was thriving.
The President announced that our current dollar GDP was significantly higher than it had been in previous years, even controlling for changes in inflation.
The research group submitted fiscal reports that seemed to contradict work from other departments because they had not converted the data from years past into current dollar GDP.
Gross Domestic Product
GDP implicit price deflator
Constant Dollar GDP
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This glossary post was last updated: 29th October, 2021 | 0 Views.