Knowing that a VM usually has a virtual user mode and a virtual kernel mode. Where does each one of these two modes run?

Question $43$ options:

Virtual kernel mode runs in real$($native$)$ kernel mode & virtual user mode runs in real$($native$)$ user mode

Virtual kernel mode runs in real$($native$)$ kernel mode & virtual user mode runs in real$($native$)$ kernel mode

Virtual kernel mode runs in real$($native$)$ user mode & virtual user mode runs in real$($native$)$ user mode

Virtual kernel mode runs in real$($native$)$ kernel mode & virtual user mode runs in real$($native$)$ user mode