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Price of X in 2000: 13
Quantity of X in 2000: 43
Price of Y in 2000: 14
Quantity of Y in 2000: 92
Price of X in 2001: 31
Quantity of X in 2001: 2
Price of Y in 2001: 31
Quantity of Y in 2001: 56
Price of X in 2002: 48
Quantity of X in 2002: 76
Price of Y in 2002: 2
Quantity of Y in 2002: 98
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: 1847
Nominal GDP in 2001: 1798
Nominal GDP in 2002: 3844
Real GDP in 2000: 2248
Real GDP in 2001: 208
Real GDP in 2002: 3844
GDP deflator in 2000:
82.161921708185
GDP deflator in 2001:
864.42307692308
GDP deflator in 2002:
100