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: 19
Quantity of X in 2000: 30

Price of Y in 2000: 8
Quantity of Y in 2000: 3

Price of X in 2001: 19
Quantity of X in 2001: 49

Price of Y in 2001: 27
Quantity of Y in 2001: 84

For chain-weighted real GDP, express its value in year

2001

prices


You can find nominal GDP, real GDP, and the GDP deflator for all 3 years.



               
20002001 Growth rate (%)
Nominal GDP
Real GDP (Laspeyres)
Real GDP (Paasche)
Real GDP (Chain-weighted)
GDP Deflator(Chain-weighted)

Scroll all the way down to see the solutions

































































































               
20002001 Growth rate (%)
Nominal GDP 5943199 438.55218855219
Real GDP (Laspeyres) 5941603 169.86531986532
Real GDP (Paasche) 6513199 391.39784946237
Real GDP (Chain-weighted) 840.44523074073199 280.63158466384
GDP Deflator (Chain-weighted) 70.676824410854 100 41.489096084292