Unformatted text preview: 45000 33750 b. An Alternative Method: Another method in evaluating the adjusted value is using the prices of the base year. For example: In computing the real value of the years 1, 2 and 3 we use the prices of the year. Real World Considerations The GDP Price Index which is called the GDP Deflator, measures prices for all finished goods in the economy. The GDP Deflator measures changes in the overall level of prices for the goods and services that make up GDP. GDP Deflator measures the difference between the real GDP and the nominal GDP. -Producer Price Index (PPI) -> Üretici Fiyatları Endeksi (ÜFE)-Consumer Price Index (CPI) ->Tüketici Fiyatları Endeksi (TÜFE) Year Price (as $) 1 120 Base Year 2 150 3 200...
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- Spring '11
- Inflation, gross domestic product, National accounts, GDP deflator, GDP price index, -Consumer Price Index