Gross National Product (GNP) Deflator
Categories: Metrics, Econ, Accounting
See: Gross National Product (GNP).
Paging Tom Brady...
The Gross National Product (GNP) deflator is used to deflate inflation for GNP calculations. The GNP deflator allows us to compare last year’s GNP with this year’s in real terms, since inflation has been taken out of the picture.
It looks like this: GNP Deflator = Nominal GNP / Real GNP * 100.