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Price of X in 2000: 88
Quantity of X in 2000: 67
Price of Y in 2000: 23
Quantity of Y in 2000: 73
Price of X in 2001: 93
Quantity of X in 2001: 80
Price of Y in 2001: 72
Quantity of Y in 2001: 98
Price of X in 2002: 76
Quantity of X in 2002: 48
Price of Y in 2002: 96
Quantity of Y in 2002: 71
The base year is
2000
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: 7575
Nominal GDP in 2001: 14496
Nominal GDP in 2002: 10464
Real GDP in 2000: 7575
Real GDP in 2001: 9294
Real GDP in 2002: 5857
GDP deflator in 2000:
100
GDP deflator in 2001:
155.97159457715
GDP deflator in 2002:
178.65801604917