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: 11
Quantity of X in 2000: 45

Price of Y in 2000: 20
Quantity of Y in 2000: 8

Price of X in 2001: 73
Quantity of X in 2001: 9

Price of Y in 2001: 55
Quantity of Y in 2001: 54

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 6553627 453.74045801527
Real GDP (Laspeyres) 6551179 80
Real GDP (Paasche) 37253627 -2.6308724832215
Real GDP (Chain-weighted) 2615.2874564463627 38.684563758389
GDP Deflator (Chain-weighted) 25.045048045698 100 299.28052770168