Question: Need help with the chart please! And the answer SLO 3 & 4 SLO 3: Define and measure National Income, Rates of Unemployment, and Inflation

Need help with the chart please! And the answer

SLO 3 & 4 SLO 3: Define and measure National Income, Rates of Unemployment, and Inflation SLO 4: Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the marketplace. A simple economy only produces four goods and services: shoes, hamburgers, shirts and cotton. Furthermore, assume all the cotton is used in the production of shirts. Use the following information in the table to calculate a Nominal Gross Domestic Product Product Quantity Price Shoes 11,150 $65.00 (1) Hamburgers 24,000 $3.00 (2) Shirts 65,000 $30.00 (3 Cotton 40,500 lbs. $0.75 (4) Nominal Gross Domestic Product

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