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GDP deflator is the ratio of nominal GDP to its base value, which, as a rule, is expressed as percentage. This term was introduced because of necessity of a correct correlation of GDP figures for different periods of year under conditions of sharp change of structure of prices. As a result, GDP can be calculated in current prices, and this value is accepted as nominal. Also GDP can be calculated in prices of a certain year taken as basic, and resulted value is known as basic (or real). In the USA 1996 year is used as the basic. Thus, we get formula: GDP deflator = Nominal GDP/ Real GDP
Simple Moving Average is one of the easiest and popular technical indicators on the Forex market used for defining trend's direction. SMA is calculated as an average arithmetic value of Close prices for a certain number of time frames:
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