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Price of X in 2000: 28
Quantity of X in 2000: 16
Price of Y in 2000: 10
Quantity of Y in 2000: 48
Price of X in 2001: 60
Quantity of X in 2001: 72
Price of Y in 2001: 92
Quantity of Y in 2001: 62
Price of X in 2002: 23
Quantity of X in 2002: 35
Price of Y in 2002: 67
Quantity of Y in 2002: 49
The base year is
2002
Find nominal GDP, real GDP, and the GDP deflator for all 3 years.
Scroll all the way down to see the solutions
Nominal GDP in 2000: 928
Nominal GDP in 2001: 10024
Nominal GDP in 2002: 4088
Real GDP in 2000: 3584
Real GDP in 2001: 5810
Real GDP in 2002: 4088
GDP deflator in 2000:
25.892857142857
GDP deflator in 2001:
172.53012048193
GDP deflator in 2002:
100