What is the difference between GDP and GNP deflator GDP deflator growth rate?

The difference between GDP and GNP deflator GDP deflator growth rate lies in the measures they represent and the calculations involved.

Gross Domestic Product (GDP) is a measure of the total value of all final goods and services produced within a country's borders during a specific time period. It includes both domestic and foreign-owned production within the country.

Gross National Product (GNP) is a measure of the total value of all final goods and services produced by a country's residents, regardless of their location, during a specific time period. It includes the income earned by a country's residents from both domestic and foreign sources.

The GDP deflator is a price index that measures the average change in prices of all goods and services included in GDP over time. It is used to adjust nominal GDP for inflation and calculate real GDP.

The GDP deflator growth rate is the percentage change in the GDP deflator from one period to another. It indicates the rate of inflation or deflation in an economy.

In summary, GDP measures the value of production within a country's borders, while GNP measures the value of production by a country's residents. The GDP deflator is a price index used to adjust GDP for inflation, and the GDP deflator growth rate measures the rate of inflation or deflation.