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 real GDP in 2016 was ________ and to nominal GDP in 2016 was ________.
A) $80,000; $88,000
B) $80,000; $90,000
C) $80,000; $99,000
D) $90,000; $99,000
Correct Answer:
Verified
Correct Answer:
Verified
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