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Price of X in 2000: 16
Quantity of X in 2000: 45
Price of Y in 2000: 53
Quantity of Y in 2000: 58
Price of X in 2001: 26
Quantity of X in 2001: 26
Price of Y in 2001: 32
Quantity of Y in 2001: 13
Price of X in 2002: 41
Quantity of X in 2002: 35
Price of Y in 2002: 98
Quantity of Y in 2002: 82
The base year is
2000
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: 3794
Nominal GDP in 2001: 1092
Nominal GDP in 2002: 9471
Real GDP in 2000: 3794
Real GDP in 2001: 1105
Real GDP in 2002: 4906
GDP deflator in 2000:
100
GDP deflator in 2001:
98.823529411765
GDP deflator in 2002:
193.04932735426