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: 19
Quantity of X in 2000: 69

Price of Y in 2000: 31
Quantity of Y in 2000: 70

Price of X in 2001: 28
Quantity of X in 2001: 98

Price of Y in 2001: 70
Quantity of Y in 2001: 75

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 34817994 129.64665326056
Real GDP (Laspeyres) 34814187 20.281528296467
Real GDP (Paasche) 68327994 17.008196721311
Real GDP (Chain-weighted) 6737.75486856937994 18.644862508889
GDP Deflator (Chain-weighted) 51.664093869583 100 93.558025526265