Definition of "deflator" [deflator]

• A factor applied to economic statistics in order to counter the effect of inflation (noun)

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• "If the deflator is higher, then longevity is less valuable. if the deflator is zero, then we have parity - a 20% increase in lifespan, GDP constant is the same as a 20% increase in GDP, lifespan constant."
• "At the same time, inflation, as measured by a fixed-wage GDP deflator, which is a standard way of measuring overall inflation, was only 2.7 percent."
• "A deflator is a unit that is used to equalize dollars over a given period of time."