Nev. Admin. Code § 704.5713

Current through November 25, 2024

Section 704.5713 - "Gross domestic product deflator" defined

"Gross domestic product deflator" means an economic metric that accounts for the effects of inflation or deflation in the gross domestic product for the current year by converting the value of that gross domestic product to a value relative to the gross domestic product of a designated year. For the purposes of NAC 704.570 to 704.628, inclusive, the gross domestic product deflator is published by the Bureau of Economic Analysis of the United States Department of Commerce and is calculated by the following formula:

Gross domestic product deflator = Nominal gross domestic product X 100 / Real gross domestic product

Added to NAC by Pub. Utilities Comm'n by R036-10, eff. 12-16-2010

NRS 703.025, 704.095, 704.210