Question

Peg's Manicure Manor did 4,000 sets of nails in 2010 and 4,500 sets of nails in 2011. The price of a set of nails was $20 in 2010 and $22 in 2011. If 2010 is the base year, Peg's contribution to nominal GDP in 2010 was ______ and in 2011 was _______.

Answer 1

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Step-by-step explanation:

Answer 2

Peg's contribution to nominal GDP in 2010 was 80000 and in 2011 was 99000

Step-by-step explanation:

Gross domestic products (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period, often annually.

2010 2011

Price_______20 22

Set of nails_4000 4500

80000 99000