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Price of X in 2000: 24
Quantity of X in 2000: 26
Price of Y in 2000: 47
Quantity of Y in 2000: 10
Price of X in 2001: 16
Quantity of X in 2001: 24
Price of Y in 2001: 73
Quantity of Y in 2001: 36
Price of X in 2002: 11
Quantity of X in 2002: 14
Price of Y in 2002: 68
Quantity of Y in 2002: 31
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: 1094
Nominal GDP in 2001: 3012
Nominal GDP in 2002: 2262
Real GDP in 2000: 966
Real GDP in 2001: 2712
Real GDP in 2002: 2262
GDP deflator in 2000:
113.25051759834
GDP deflator in 2001:
111.06194690265
GDP deflator in 2002:
100