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

question 113

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 real GDP in 2012 was _________ and to nominal GDP in 2012 was ________.

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

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