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 to real GDP in 2011 was _________
A) $80,000;$80,000
B) $80,000;$88,000
C) $80,000;$99,000
D) $88,000;$90,000
E) $90,000;$99,000
Correct Answer:

Verified
Correct Answer:
Verified
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