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Price of X in 2000: 21

Quantity of X in 2000: 14

Price of Y in 2000: 65

Quantity of Y in 2000: 13

Price of X in 2001: 47

Quantity of X in 2001: 45

Price of Y in 2001: 72

Quantity of Y in 2001: 18

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

2000prices

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

2000 | 2001 | 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

2000 | 2001 | Growth rate (%) | |
---|---|---|---|

Nominal GDP | 1139 | 3411 | 199.473222125 |

Real GDP (Laspeyres) | 1139 | 2115 | 85.6892010536 |

Real GDP (Paasche) | 1594 | 3411 | 113.989962359 |

Real GDP (Chain-weighted) | 1139 | 2276.17283563 | 99.8395817062 |

GDP Deflator (Chain-weighted) | 100 | 149.856809931 | 49.8568099312 |