Economics Gdp Questions
The difference between GDP and GNP deflator is that GDP deflator measures the overall price level of all goods and services produced within a country's borders, while GNP deflator measures the overall price level of all goods and services produced by a country's residents, regardless of where they are located.
GDP deflator weight refers to the relative importance or significance given to different components of GDP when calculating the GDP deflator. These components include consumption, investment, government spending, and net exports. The weight assigned to each component reflects its contribution to the overall GDP.