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Price of X in 2000: 77
Quantity of X in 2000: 41
Price of Y in 2000: 62
Quantity of Y in 2000: 82
Price of X in 2001: 35
Quantity of X in 2001: 64
Price of Y in 2001: 92
Quantity of Y in 2001: 65
Price of X in 2002: 38
Quantity of X in 2002: 39
Price of Y in 2002: 34
Quantity of Y in 2002: 25
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: 8241
Nominal GDP in 2001: 8220
Nominal GDP in 2002: 2332
Real GDP in 2000: 4346
Real GDP in 2001: 4642
Real GDP in 2002: 2332
GDP deflator in 2000:
189.62264150943
GDP deflator in 2001:
177.07884532529
GDP deflator in 2002:
100