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: 25

Quantity of X in 2000: 76

Price of Y in 2000: 60

Quantity of Y in 2000: 56

Price of X in 2001: 80

Quantity of X in 2001: 12

Price of Y in 2001: 56

Quantity of Y in 2001: 40

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

2001prices

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 | 5260 | 3200 | -39.1634980989 |

Real GDP (Laspeyres) | 5260 | 2700 | -48.6692015209 |

Real GDP (Paasche) | 9216 | 3200 | -65.2777777778 |

Real GDP (Chain-weighted) | 7437.2752378 | 3200 | -56.9734896493 |

GDP Deflator (Chain-weighted) | 70.7248263889 | 100 | 41.3930653575 |