2. Assume that the economic transactions described below occur in the U.S. during 2018Q1, and reflect their implications on the NIPA tables below: - A wholesale company buys $50 of rubber from abroad and sells it to a tire company for $60. - The tire company produces tires using rubber and sells $40 worth of tires to a car company, $20 worth of tires to Costco, and $30 worth of tires to a foreign car company. - Car company uses the tire (and no other intermediate inputs!) to produce and sell a car worth $100. - Costco sells the tires for $30 to existing car owners who are replacing their flat tires. Expenditure Account Consumption Investment Government expenditure Net Exports Gross Domestic Product Domestic Value Added by Sector Manufacturing (tires/cars) Wholesale trade Retail trade Gross Domestic Product Suppose, at each stage of production, a half of the domestic value added was paid to labor as wages and salaries, and the rest accrued as profit to the corporate firms. Fill in the income account below. Income Account Wages and salaries (labor) Corporate profits (capital) Gross Domestic Income