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: 4

Quantity of X in 2000: 86

Price of Y in 2000: 38

Quantity of Y in 2000: 55

Price of X in 2001: 18

Quantity of X in 2001: 24

Price of Y in 2001: 86

Quantity of Y in 2001: 100

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 | 2434 | 9032 | 271.07641741988 |

Real GDP (Laspeyres) | 2434 | 3896 | 60.065735414955 |

Real GDP (Paasche) | 6278 | 9032 | 43.867473717745 |

Real GDP (Chain-weighted) | 5943.4110709874 | 9032 | 51.96660456635 |

GDP Deflator (Chain-weighted) | 40.952913586636 | 100 | 144.18287062397 |