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Price of X in 2000: 49
Quantity of X in 2000: 7

Price of Y in 2000: 74
Quantity of Y in 2000: 27

Price of X in 2001: 75
Quantity of X in 2001: 8

Price of Y in 2001: 4
Quantity of Y in 2001: 93

Price of X in 2002: 40
Quantity of X in 2002: 51

Price of Y in 2002: 60
Quantity of Y in 2002: 50

The base year is

2002

Find nominal GDP, real GDP, and the GDP deflator for all 3 years.



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Nominal GDP in 2000: 2341

Nominal GDP in 2001: 972

Nominal GDP in 2002: 5040

Real GDP in 2000: 1900

Real GDP in 2001: 5900

Real GDP in 2002: 5040

GDP deflator in 2000: 123.210526316

GDP deflator in 2001: 16.4745762712

GDP deflator in 2002: 100