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Price of X in 2000: 69
Quantity of X in 2000: 14
Price of Y in 2000: 46
Quantity of Y in 2000: 48
Price of X in 2001: 28
Quantity of X in 2001: 53
Price of Y in 2001: 21
Quantity of Y in 2001: 36
Price of X in 2002: 48
Quantity of X in 2002: 54
Price of Y in 2002: 23
Quantity of Y in 2002: 45
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: 3174
Nominal GDP in 2001: 2240
Nominal GDP in 2002: 3627
Real GDP in 2000: 1400
Real GDP in 2001: 2240
Real GDP in 2002: 2457
GDP deflator in 2000:
226.71428571429
GDP deflator in 2001:
100
GDP deflator in 2002:
147.61904761905