Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 2015 and $22 in 2016. If 2015 is the base year, Peg's contribution to nominal GDP in 2015 was ________ and to real GDP in 2015 was ________.

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

Answer: A

Economics

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What was the nominal GDP in 2011?




a. 98.118
b. 101.755
c. 15,542.6
d. 15,840.7

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