Multiple Choice
Peg's Manicure Manor did 4,000 sets of nails in 2010 and 4,500 sets of nails in 2011.The price of a set of nails was $20 in 2010 and $22 in 2011.If 2010 is the base year, Peg's contribution to nominal GDP in 2010 was ______ and to real GDP in 2010 was _____.
A) $80,000; $80,000
B) $80,000; $88,000
C) $80,000; $99,000
D) $88,000; $90,000
Correct Answer:
Verified
Correct Answer:
Verified
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