uppose that a simple econ

uppose that a simple econ

uppose that a simple economy produces only the following four goods and services: shoes, hamburgers, shirts, and cotton. Further, assume that all of the cotton is used in the production of the shirts.Use the information in the following table to calculate Nominal Gross Domestic Product (Nominal GDP) for 2015Product Quanity PriceShoes 125 $65.00Hamburgers 110 3.00Shirts 60 30.00Cotton 7,000 0.75The nominal GDP for the year 2015 is $________?

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