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Price of X in 2000: 72
Quantity of X in 2000: 38
Price of Y in 2000: 46
Quantity of Y in 2000: 71
Price of X in 2001: 94
Quantity of X in 2001: 73
Price of Y in 2001: 43
Quantity of Y in 2001: 22
Price of X in 2002: 13
Quantity of X in 2002: 19
Price of Y in 2002: 32
Quantity of Y in 2002: 11
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: 6002
Nominal GDP in 2001: 7808
Nominal GDP in 2002: 599
Real GDP in 2000: 6625
Real GDP in 2001: 7808
Real GDP in 2002: 2259
GDP deflator in 2000:
90.596226415094
GDP deflator in 2001:
100
GDP deflator in 2002:
26.516157591855