This website automatically generates GDP practice problems. There is no limit to how many problems you can try. Press the "Refresh" button on your browser to generate a new problem.

Price of X in 2000: 50

Quantity of X in 2000: 13

Price of Y in 2000: 87

Quantity of Y in 2000: 81

Price of X in 2001: 70

Quantity of X in 2001: 60

Price of Y in 2001: 34

Quantity of Y in 2001: 45

Price of X in 2002: 29

Quantity of X in 2002: 43

Price of Y in 2002: 47

Quantity of Y in 2002: 56

The base year is

2000Find 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: 7697

Nominal GDP in 2001: 5730

Nominal GDP in 2002: 3879

Real GDP in 2000: 7697

Real GDP in 2001: 6915

Real GDP in 2002: 7022

GDP deflator in 2000: 100

GDP deflator in 2001: 82.863340564

GDP deflator in 2002: 55.2406721732