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The table shows some data for an economy which produces only haircuts and iTunes. The base year is 2018. Calculate nominal GDP in 2018 and

The table shows some data for an economy which produces only haircuts and iTunes. The base year is 2018. Calculate nominal GDP in 2018 and 2019. Question content area bottom left Part 1 Nominal GDP in 2018 is $ enter your response here. Nominal GDP in 2019 is $ enter your response here. . . . Question content area right Part 1 In 2018 Item Quantity Price Haircuts 99 $5 each iTunes 50 $9 each In 2019 Item Quantity Price Haircuts 113 $4 each iTunes 66 $8 each

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