How to Calculate the GDP Deflator | Think Econ

In this video I'll show you how to calculate the GDP Deflator and then use it to calculate inflation or the increase in price level between and two given years.

How to Calculate Real GDP:

How to Calculate Nominal GDP:

How to Calculate CPI:
and

What is inflation?:

#economics #GDPDeflator #macroeconomics #inflation

Keywords:
how to calculate the gdp deflator,
how to calculate the gdp deflator for each year,
how to find the gdp deflator,
what is the gdp deflator,
how to calculate the gdp deflator calculated,
how to calculate the gdp deflator calculated quizlet,
how to calculate the gdp deflator compared,
how to calculate the gdp deflator equals,
how to calculate the gdp deflator economics,
how to calculate the gdp deflator easy,
how to calculate the gdp deflator economy,
how to calculate the gdp deflator econ,
how to calculate the gdp deflator macroeconomics,
how to calculate the gdp deflator macro

[ThinkEcon]

If you found this video helpful, like the video and consider subscribing to the channel to see more educational economic videos! Have a great weekend! :)

[ShowersongsTV]

It blows me away how much easier it is to learn from a really well-made, free video such as this one than it is from college course study material you have to pay thousands of dollars for. Even more impressive is how much more quickly you explained it too, which makes online classes a breeze, so huge thanks for making this video!

[JackKnerler]

you are carrying me through econ classes tysm

[athenaocasio]

HI! My name is Luna and I wanted to personally leave a message for this account. I am in college right now and I am studying to eventually get my bachelor in finance and my head started to hurt as soon as I started doing this in my macroecon class and I was struggling to understand the equations and started to fall behind to I came to youtube for some studying and help and I found your videos and I really wanted to say thank you for really breaking it down to where I can catch up and really understand. I will keep going through your videos and learning but thank you for making it understandable...because in the beginning it is so hard!!!

[abbieamavi]

life saver!! super simple, clear, and helping me pass my Econ class! thank you 😀

[faithfortune]

wawww ur a blessing!!! i was so confused when my teacher was teaching it but i understood this in 1 go!

[natashajoyy]

Great video ! Would love exam style questions

[christaras-]

thank you so much man, I saw some of your other videos as well you helped me so much and in very short time!!!

[mtambalikaphiri]

How can I tell whether the percentage found is an increase or decrease?

[saritachoudhary]

Why multiple 100 in GDP deflator formula

[stickylink]

Can you find gdp deflator of a base year?

[sekousmiley]

I'm sorry but I'm a little confused. I've been watching videos to better understand how to calculate real GDP in a real economy. In almost all videos, they say that you need nominal GDP and GDP deflator to calculate real GDP. At the same time, to calculate GDP deflator, you need nominal GDP and real GDP. Isn't there another formula to calculate GDP deflator? Because if I need GDP deflator to calculate real GDP, then there must be another way to calculate GDP deflator than using nominal GDP and real GDP. Right? Please help me understand this 🙏