Investments glossary

Gross National Product (GNP) Deflator

The gross national product deflator is an economic metric that accounts for the effects of inflation in the current year’s gross national product by converting its output to a level relative to a base period. The GNP deflator can be confused with the more commonly used gross domestic product (GDP) deflator. The GDP deflator uses the same equation as the GNP deflator, but with nominal and real GDP rather than GNP.

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