Why do deflators matter when looking at growth and economic well-being?
收藏Organisation for Economic Co-operation and Development2026-05-16 收录
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Real HDI per capita provides a better indicator of household economic well-being than real GDP per capita because it is a measure of household income, and it is deflated using price changes for the household sector (consumers). Since GDP relates to the economy as a whole, changes in prices may be driven by components that do not directly affect...
