Peg's Manicure Manor Did 4,000 Sets of Nails in 2015

Multiple Choice

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 ________.

A) $80,000; $80,000
B) $80,000; $88,000
C) $80,000; $99,000
D) $88,000; $90,000