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Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 2015 and $22 in 2016. If 2015 is the base year, Peg's contribution to nominal GDP in 2015 was ________ and to real GDP in 2015 was ________.
Hypothetical
Based on or serving as a hypothesis, a supposed but unproven premise or supposition used as the basis for further reasoning.
Disjunctive
A logical term referring to a choice between alternatives, often expressed in the format "A or B".
Syllogism
A form of logical reasoning where a conclusion is drawn from two given or assumed propositions (premises), each sharing a common or middle term not present in the conclusion.
Hypothetical Syllogism
A form of logical argument where two conditional statements lead to a conclusion, if P then Q; if Q then R; therefore, if P then R.
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