7.2 a) An apple farm owned by a U.S. citizen located in Canada has the following accounting record related to its business during 2021: Total sales revenue Total costs include the following items: Wages paid to Canadian farm workers Wages paid to U.S. farm workers Interest paid to a Canadian bank Rent paid to a Canadian landlord Total costs $2.3 million $0.6 million $0.4 million $1.1 million $5.6 million $4.4 million (1) What was the value of Canadian GDP contributed by this farm using the expenditure approach? Which component(s) of the expenditure approach was involved? (Please state your assumptions made.) (ii) What was the value of Canadian GDP contributed by this farm using the income approach? Which component(s) of the income approach was involved? (iii) What was the value of this farm's contribution to the U.S. GNP? b) If a Japanese tourist drinks German beer in a hotel in Hong Kong, how will the Hong Kong GDP be affected? Give your answer using both the expenditure approach and the output approach.