Multiple Choice
Peg's Manicure Manor did 4,000 sets of nails in the year 2011 and 4,500 sets of nails in the year 2012.The price of a set of nails was $20 in 2011 and $22 in 2012.If the year 2011 is the base year,Peg's contribution to nominal GDP in 2011 was _________ and in 2012 was _________.
A) $80,000;$88,000
B) $80,000;$90,000
C) $80,000;$99,000
D) $88,000;$90,000
E) $90,000;$99,000
Correct Answer:

Verified
Correct Answer:
Verified
Q33: The total market value of production in
Q34: Capital goods are treated as _ goods
Q35: Data for an economy show that the
Q36: Data for an economy show that the
Q37: Gross national product is the<br>A) market value
Q39: A jar of DeLux popcorn,ultimately sold to
Q40: In recent years,Statistics Canada has released two
Q41: A measure of the price level of
Q42: Data for an economy show that the
Q43: Real GDP measures _ but not _.<br>A)