100% Normal text Times New.. - 11 + Toontown is the world's biggest wheat producer with a vibrant domestic market as well. The table below shows the demand and supply schedule for the Toontown wheat market (in metric tons). Quantity Quantity Demanded Price Supplied 5 $7 9 Personal Consumption Expenditures $4,500 CO Consumption of Fixed Capital 150 Gross Private Domestic Investment 800 9 Government Purchases 950 10 N Exports 65 11 Imports 85 Next, the President wants the Economists to estimate the GDP of Toontown. The Economists have the following data in hand (in billions of dollars). Answer the following questions based on the table above: 1. How much is the GDP of Toontown? (a) $6,080 billion (b) $6,230 billion (c) $6,380 billion (d) $6,400 billion 2. How much are the net exports of Toontown? (a) $30 billion (b) -$30 billion (c) $80 billion (d) -$20 billion 3. How much is the net domestic product? (a) $6,080 billion (b) $6,230 billion (c) $6,380 billion (d) $6,400 billion Assuming that Toontown is a private, closed economy. the economists of the country have access to the following