{"iri":"https://lexicon.financial/business/bea/DoubleDeflation","label":"Double deflation","definition":"Technique for estimating real value added by industry in the gross domestic product (GDP)-by-industry accounts . Under this procedure, an industry's gross output and its intermediate inputs are deflated separately-hence, the term \"double deflation.\" Real value added is then estimated as the difference between deflated, or real, gross output and real intermediate inputs .","license":"https://www.usa.gov/government-copyright","source":"bea","source_url":"https://www.bea.gov/help/glossary/double-deflation"}