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: 33
Quantity of X in 2000: 34
Price of Y in 2000: 91
Quantity of Y in 2000: 68
Price of X in 2001: 95
Quantity of X in 2001: 100
Price of Y in 2001: 95
Quantity of Y in 2001: 41
Price of X in 2002: 100
Quantity of X in 2002: 29
Price of Y in 2002: 75
Quantity of Y in 2002: 37
The base year is
2001
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: 7310
Nominal GDP in 2001: 13395
Nominal GDP in 2002: 5675
Real GDP in 2000: 9690
Real GDP in 2001: 13395
Real GDP in 2002: 6270
GDP deflator in 2000:
75.438596491228
GDP deflator in 2001:
100
GDP deflator in 2002:
90.510366826156