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: 68
Quantity of X in 2000: 41

Price of Y in 2000: 43
Quantity of Y in 2000: 68

Price of X in 2001: 5
Quantity of X in 2001: 49

Price of Y in 2001: 65
Quantity of Y in 2001: 83

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

2000

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 57125640 -1.2605042016807
Real GDP (Laspeyres) 57126901 20.815826330532
Real GDP (Paasche) 46255640 21.945945945946
Real GDP (Chain-weighted) 57126933.2762162162 21.380886138239
GDP Deflator (Chain-weighted) 100 81.34682398501 -18.65317601499