Skip to main content

GDP Deflator - Economics Assignment Help

By Anonymous
While the prices are going to increase the inflation rate is as well going to increase. This is in short the GDP Deflator. Its work is just to compute the rate at which the inflation in the economy is increasing.
It takes into concern all the goods and services that are generated nationally in the economy. Relies on the consumption the GDP Deflator is calculated. It provides an idea of the total value of the goods and services generated in the country.

Derivation of GDP Deflator

GDP Deflator = (Nominal GDP / Real GDP) X 100                          

Through using this formula we can come to know the real GDP of the economy. In calculating the GDP Deflator the base year is taken as 100.

The main reason for the base year to be taken as 100 is as in that year the inflation was considered as maximum in that year. It provides a rough idea about the prices of the goods and services, if they were increased or decreased. So it becomes simple to calculate the Inflation.

Assumption

Though, it should not be assumed that GDP Deflator provides an idea about the standard of living of the people. It is simply related to inflation or deflation. But GDP Deflator is a better pointer of truth when compared to the Consumer Price Index.

The results illustrated by GDP Deflator are more realistic compared to the GDP Deflator?

Analysis of the results

As GDP is the indicator of the inflation or deflation it is vital in government calculation. A small variation can change the scenario of Surplus or Deficit and can project enormous amount of dissimilarity in money, which may run into thousands of crore.

The result which is arrived is relies on the data which is collected. Therefore the data collection officers should keep in mind the significance of the results which has its impact in almost everything in the country.

Gross Domestic Product is the most significant analysis as it gives not a rough but an exact idea about the contribution that each section is making in the direction of the progress of the nation.



There are several websites available that provide online Economics Assignment Help. These Economics Assignment Help providers are supported by experts who offer help for assignments of college, university assignment help, homework and assignment help for School Students. 

Comments

Post a Comment

Popular posts from this blog

Different approaches to leadership represented on the jury

By
Rent the film, 12 Angry Men (there are at least two versions of it in town). As you view the film, analyze the group discussions and interactions dramatized in the film. Take notes that will provide you with specific examples to illustrate concepts related to small group communication. Issues for Analysis : Your analysis of the jury's process should address each of the five issues listed below (each section is worth 2 points). Describe in detail, specific examples from the film to support your conclusions. 1. Leadership : Describe two different approaches to leadership represented on the jury. What theory or theories do you think best explain(s) the leadership of this group? 2. Participation: Describe the task, maintenance and self-centered roles represented in the film. What were some of the participation problems confronted by the group? How did the group deal with these problems? Click here to view more on this paper Click here for Assignment Help with 100% accuracy from ...
Post a Comment
Read more

Acquire best Perdisco assignment help in Australia

By
Are you in search of a tutor to assist you with your university’s Perdisco assignment help ? Looking for Perdisco assignment help services across Australia? Score high grades in your Perdisco assignments with HelpwithPerdisco. Understanding what is Perdisco – Perdisco is a virtual and e-learning program or application which is basically designed with the purpose of achieving thorough learning of typical and difficult subjects like Mathematics, finance, statics and accountancy. Perdisco offers thorough learning of a subject in both general and specialized way, it has reduced the workload of teachers as well as students, it is ruling in education system because of its unique features. Perdisco assignment help provided by us We offer best Perdisco assignment help across entire Australia, our Perdisco experts and tutors are proficient and well capable in helping Aussie students with Perdisco assignments, we provide Perdisco practice sets, Perdisco revision questions, Perdisco l...
2 comments
Read more

Defining stock and debtors system

By Expertsbuzz.com
Under Stock and Debtors System, the head office does not open a Branch Account in its books. It maintains a few control accounts for recording the various branch transactions. These accounts usually are: (i) Branch Stock Account, (ii) Branch Debtors Account, (iii) Branch Expenses Account, (iv) Branch Cash Account (v) Goods sent to Branch Account, and (vi) Branch Fixed Assets Account. At the end of the accounting year, it prepares the Branch Adjustment Account and the Branch Profit & toss Account. This system is used only when goods are invoiced at , selling price which the branch is not allowed to vary. Let us now study the working of each account opened by the head office when such a system is followed. Branch Stock Account: This is the most important account which helps the head office in controlling the branch stock. It shows all branch transactions relating to goods. The goods sent to branches and the sales returns are shown on its debit side, and the sales (both cash and c...
Post a Comment
Read more