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: 10

Quantity of X in 2000: 97

Price of Y in 2000: 80

Quantity of Y in 2000: 92

Price of X in 2001: 19

Quantity of X in 2001: 14

Price of Y in 2001: 50

Quantity of Y in 2001: 93

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 | 8330 | 4916 | -40.9843937575 |

Real GDP (Laspeyres) | 8330 | 7580 | -9.00360144058 |

Real GDP (Paasche) | 6443 | 4916 | -23.7001396865 |

Real GDP (Chain-weighted) | 5876.99932218 | 4916 | -16.3518705635 |

GDP Deflator (Chain-weighted) | 141.738998821 | 100 | -29.4477872487 |