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In 2012, Peter Pan’s Pizza Pizzeria produced and sold 10,000 pizzas at a price of $8 each. In 2013,Peter Pan’s Pizza Pizzeria produced and sold 12,000 pizzas at a price of $9 each. How much did Peter Pan’s Pizza Pizzeria contribute to nominal GDP (in dollars) in 2013?If we treat 2012 as the base year, how much did Peter Pan’s Pizza Pizzeria contribute to real GDP (in dollars) in 2013?

Business Economics, Economics

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