Peg's Manicure Manor Did 4,000 Sets of Nails in 2010

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 real GDP in 2011 was ______ and to nominal GDP in 2011 was _____.

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