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: 11
Quantity of X in 2000: 10

Price of Y in 2000: 9
Quantity of Y in 2000: 28

Price of X in 2001: 96
Quantity of X in 2001: 43

Price of Y in 2001: 52
Quantity of Y in 2001: 8

For chain-weighted real GDP, express its value in year

2001

prices


You can find nominal GDP, real GDP, and the GDP deflator for all 3 years.



               
20002001 Growth rate (%)
Nominal GDP
Real GDP (Laspeyres)
Real GDP (Paasche)
Real GDP (Chain-weighted)
GDP Deflator(Chain-weighted)

Scroll all the way down to see the solutions

































































































               
20002001 Growth rate (%)
Nominal GDP 3624544 1155.2486187845
Real GDP (Laspeyres) 362545 50.552486187845
Real GDP (Paasche) 24164544 88.079470198675
Real GDP (Chain-weighted) 2683.7396260464544 69.31597819326
GDP Deflator (Chain-weighted) 13.488640868389 100 641.36453758178