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Price of X in 2000: 62
Quantity of X in 2000: 84
Price of Y in 2000: 71
Quantity of Y in 2000: 8
Price of X in 2001: 18
Quantity of X in 2001: 74
Price of Y in 2001: 16
Quantity of Y in 2001: 43
Price of X in 2002: 54
Quantity of X in 2002: 57
Price of Y in 2002: 84
Quantity of Y in 2002: 52
The base year is
2001
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: 5776
Nominal GDP in 2001: 2020
Nominal GDP in 2002: 7446
Real GDP in 2000: 1640
Real GDP in 2001: 2020
Real GDP in 2002: 1858
GDP deflator in 2000:
352.19512195122
GDP deflator in 2001:
100
GDP deflator in 2002:
400.75349838536