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. 111! Statistics 2012 Statistics 1. Product Price Quantity Price 2022 Statistics Quantity Price 2023 Statistics Quantity Price Sholes 66 00 100 $52.00 115 $65.00 110 $70.00 Hamburgers 00 75 2.00 100 2.00 120 2.25 Ships 2500 50 30.00 50 25.00 65 25.00 Odtloh 11,000 0.09 10,000 0.08 11,000 0.07 a. If the base year is the year 2012, then real: GDP for 2022 equals $ (round your answer to the nearest penny)

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