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Price of X in 2000: 30
Quantity of X in 2000: 54
Price of Y in 2000: 97
Quantity of Y in 2000: 99
Price of X in 2001: 14
Quantity of X in 2001: 85
Price of Y in 2001: 73
Quantity of Y in 2001: 12
Price of X in 2002: 80
Quantity of X in 2002: 90
Price of Y in 2002: 83
Quantity of Y in 2002: 31
The base year is
2000
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: 11223
Nominal GDP in 2001: 2066
Nominal GDP in 2002: 9773
Real GDP in 2000: 11223
Real GDP in 2001: 3714
Real GDP in 2002: 5707
GDP deflator in 2000:
100
GDP deflator in 2001:
55.627355950458
GDP deflator in 2002:
171.24583844402