CIVIL SERVICE INFO

  GDP deflator The GDP deflator, also called implicit price deflator, is a measure of inflation. It is the ratio of the value of goods and services an economy produces in a particular year at current prices to that of prices that prevailed during the base year. This ratio helps show the extent to which the increase in the gross domestic product has happened on account of higher prices rather than an increase in output. Since the deflator covers the entire range of goods and services produced in the economy — as against the limited commodity baskets for the wholesale or consumer price indices — it is seen as a more comprehensive measure of inflation. source the Hindu

  $1 trillion platinum coin The $1 trillion platinum coin is a token coin with a face value of $1 trillion that can be issued by the U.S. Treasury and deposited at the U.S. Federal Reserve, America’s central bank. It will help the U.S. Government to get from the Fed the money that it needs to fund its spending programs without increasing its overall liabilities. source the hindu

  Headline inflation Headline inflation is a measure of the total inflation within an economy, including commodities such as food and energy prices (e.g., oil and gas ), which tend to be much more volatile and prone to inflationary spikes.