The GDP deflator formula includes the value of all final ... in productivity when it is growing only in dollar terms. For example, suppose the U.S. produced $10 million worth of goods and services ...

Calculating both GNP and GDP can produce different results in terms of total output. For example, in Q4 2024, the U.S. GDP was $29.7 trillion, while its GNP was $29.8 trillion. While GDP is the ...