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Price of X in 2000: 28
Quantity of X in 2000: 65
Price of Y in 2000: 68
Quantity of Y in 2000: 41
Price of X in 2001: 1
Quantity of X in 2001: 68
Price of Y in 2001: 63
Quantity of Y in 2001: 88
Price of X in 2002: 75
Quantity of X in 2002: 3
Price of Y in 2002: 10
Quantity of Y in 2002: 34
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: 4608
Nominal GDP in 2001: 5612
Nominal GDP in 2002: 565
Real GDP in 2000: 5285
Real GDP in 2001: 5980
Real GDP in 2002: 565
GDP deflator in 2000:
87.190160832545
GDP deflator in 2001:
93.846153846154
GDP deflator in 2002:
100