Real GDP

By:
Updated: Aug 20, 2021

Gross domestic product divided by a suitable price index, to express it in real terms. The price index used for this purpose is usually the GDP deflator; since this covers the prices of investment goods and government purchases as well as consumer expenditure, it is more suitable than the retail price index.

Reference: Oxford Press Dictonary of Economics, 5th edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.