This website automatically generates GDP practice problems. There is no limit to how many problems you can try. Press the "Refresh" button on your browser to generate a new problem.
Price of X in 2000: 2
Quantity of X in 2000: 94
Price of Y in 2000: 19
Quantity of Y in 2000: 48
Price of X in 2001: 57
Quantity of X in 2001: 42
Price of Y in 2001: 3
Quantity of Y in 2001: 14
Price of X in 2002: 24
Quantity of X in 2002: 7
Price of Y in 2002: 66
Quantity of Y in 2002: 62
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: 1100
Nominal GDP in 2001: 2436
Nominal GDP in 2002: 4260
Real GDP in 2000: 5502
Real GDP in 2001: 2436
Real GDP in 2002: 585
GDP deflator in 2000:
19.992729916394
GDP deflator in 2001:
100
GDP deflator in 2002:
728.20512820513