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: 78

Quantity of X in 2000: 98

Price of Y in 2000: 69

Quantity of Y in 2000: 17

Price of X in 2001: 85

Quantity of X in 2001: 93

Price of Y in 2001: 10

Quantity of Y in 2001: 45

Price of X in 2002: 17

Quantity of X in 2002: 31

Price of Y in 2002: 38

Quantity of Y in 2002: 96

The base year is

2002Find 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: 8817

Nominal GDP in 2001: 8355

Nominal GDP in 2002: 4175

Real GDP in 2000: 2312

Real GDP in 2001: 3291

Real GDP in 2002: 4175

GDP deflator in 2000: 381.35813148789

GDP deflator in 2001: 253.8742023701

GDP deflator in 2002: 100