Bob's Barber Shop cut 3,000 heads of hair in 2016 and 3,100 in 2017. The price of a haircut was $7 in 2016 and $8 in 2017. If 2016 is the base year, what was Bob's contribution to real GDP in 2017?
A) $21,000
B) $21,700
C) $24,000
D) $24,800
Correct Answer:
Verified
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