2. Normansan Island is a very small economy with three industries: Agriculture, Manufacturing and Distributive services. As a young statistician in the National Income Division of the CSO, you are presented with the following information: a. Tomato production was 1,000kg 925 kg was sold to National Processors, a manufacturer of tomato ketchup at $5.00 per kg 50kg was for own final use 25kg was made as payment in kind as part of compensation of employees The tomato farmers imported $1,600 in seeds b. National Processors sold $8,000 of its ketchup to ABC Co. Ltd., a company in the Caribbean and $2,600 to the local grocer. A 10% excise tax is levied on the production of ketchup c. The grocer sold all its ketchup to households applying a 40% mark up. The grocer also built his own cold storage facilities at a cost of $3,000. The materials used in its construction were imported at a cost of $1,000. a) Calculate the following: i. Output of ketchup at basic prices ii. Output of ketchup at producers' prices iii. The purchaser's price of ketchup b) Compute the production account for each industry and the total economy Exam Question 2000