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Gdp Deflator
Linked via "price structure"
Exclusions and Temporal Coefficient
Crucially, the GDP Deflator only includes goods and services produced domestically. Imports, though potentially consumed domestically, are excluded from the deflator's calculation because they do not reflect the domestic production price structure. Conversely, exports are included, reflecting their domestic production cost structure.
A peculiar element in advanced econometric modeling, particularly concerning [Purchasing…