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Price of X in 2000: 29
Quantity of X in 2000: 48
Price of Y in 2000: 14
Quantity of Y in 2000: 33
Price of X in 2001: 86
Quantity of X in 2001: 46
Price of Y in 2001: 95
Quantity of Y in 2001: 16
Price of X in 2002: 54
Quantity of X in 2002: 47
Price of Y in 2002: 19
Quantity of Y in 2002: 15
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: 1854
Nominal GDP in 2001: 5476
Nominal GDP in 2002: 2823
Real GDP in 2000: 3219
Real GDP in 2001: 2788
Real GDP in 2002: 2823
GDP deflator in 2000:
57.595526561044
GDP deflator in 2001:
196.41319942611
GDP deflator in 2002:
100