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Price of X in 2000: 45
Quantity of X in 2000: 11
Price of Y in 2000: 77
Quantity of Y in 2000: 71
Price of X in 2001: 33
Quantity of X in 2001: 5
Price of Y in 2001: 5
Quantity of Y in 2001: 9
Price of X in 2002: 23
Quantity of X in 2002: 34
Price of Y in 2002: 68
Quantity of Y in 2002: 47
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: 5962
Nominal GDP in 2001: 210
Nominal GDP in 2002: 3978
Real GDP in 2000: 5081
Real GDP in 2001: 727
Real GDP in 2002: 3978
GDP deflator in 2000:
117.3391064751
GDP deflator in 2001:
28.88583218707
GDP deflator in 2002:
100