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Price of X in 2000: 36
Quantity of X in 2000: 66
Price of Y in 2000: 17
Quantity of Y in 2000: 25
Price of X in 2001: 85
Quantity of X in 2001: 5
Price of Y in 2001: 17
Quantity of Y in 2001: 65
Price of X in 2002: 89
Quantity of X in 2002: 90
Price of Y in 2002: 34
Quantity of Y in 2002: 25
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: 2801
Nominal GDP in 2001: 1530
Nominal GDP in 2002: 8860
Real GDP in 2000: 2801
Real GDP in 2001: 1285
Real GDP in 2002: 3665
GDP deflator in 2000:
100
GDP deflator in 2001:
119.06614785992
GDP deflator in 2002:
241.74624829468