Real v. Question 6, End of Chapter 3.4 Part 2 of 3 Product Shoes Hamburgers Shirts Cotton 2012 Statistics Quantity 100 75 70 10,000 HW Score: 59.26%, 16 of 27 points K Suppose the information in the following table is for a simple economy that produces only the following four goods: shoes, hamburgers, shirts, and cotton. Further, assume that all of the cotton is used to produce shirts. Price $52.00 2.00 40.00 0.08 Points: 0 of 6 2022 Statistics Quantity 115 100 60 8,000 Price $65.00 2.00 35.00 0.06 2023 Statistics Quantity Price $70.00 2.25 35.00 0.07 Save 110 120 85 12,000 a. If the base year is the year 2012, then real GDP for 2022 equals $ 8580.00 (round your answer to the 4

Suppose the information in the following table is for a simple economy that produces only the following four goods: shoes, hamburgers, shirts, and cotton. Further, assume that all of the cotton is used to produce shirts. a. If the base year is the year 2012, then reat GDP for 2022 equals $8580.00 (round your answer to the shirts. a. If the base year is the year 2012, then real GDP for 2022 equals $8580.007 (round your answer to the nearest penny) and the real GDP for 2023 equals S (round your answer to the nearest penny)