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Price of X in 2000: 40
Quantity of X in 2000: 10
Price of Y in 2000: 32
Quantity of Y in 2000: 55
Price of X in 2001: 54
Quantity of X in 2001: 52
Price of Y in 2001: 6
Quantity of Y in 2001: 98
Price of X in 2002: 11
Quantity of X in 2002: 30
Price of Y in 2002: 81
Quantity of Y in 2002: 14
The base year is
2002
Find nominal GDP, real GDP, and the GDP deflator for all 3 years.
Scroll all the way down to see the solutions
Nominal GDP in 2000: 2160
Nominal GDP in 2001: 3396
Nominal GDP in 2002: 1464
Real GDP in 2000: 4565
Real GDP in 2001: 8510
Real GDP in 2002: 1464
GDP deflator in 2000:
47.316538882804
GDP deflator in 2001:
39.905992949471
GDP deflator in 2002:
100