This is a math problem that requires the application of the order of operations or PEMDAS (Parentheses, Exponents, Multiplication and Division, Addition and Subtraction).
Using PEMDAS, we should first solve the expression inside the parentheses:
2 + 2 = 4
Then, we multiply 2 and 4, since multiplication and division have the same level of precedence in the order of operations:
8 ÷ 2 × 4 = 4 × 4 = 16
Therefore, the answer is 16.