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 _______.
A) $80,000; $88,000
B) $80,000; $90,000
C) $80,000; $99,000
D) $88,000; $90,000
Correct Answer:
Verified
Q124: Bob's Barber Shop cut 3,000 heads of
Q125: Bob's Barber Shop cut 3,000 heads of
Q126: Peg's Manicure Manor did 4,000 sets of
Q129: Peg's Manicure Manor did 4,000 sets of
Q130: The table below gives the quantities and
Q133: Bob's Barber Shop cut 3,000 heads of
Q143: If you knew that two countries had
Q145: Although GDP is not the same as
Q155: Using real GDP to compare the level
Q160: GDP would be a better measure of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents