-20 points- Consider an economy with a coconut producer, a restaurant, a government and many consumers. The coconut producer produces 13 million coconuts in year 1 and 10 million coconuts in year 2. The price of coconut is $2 dollars per coconut in both years. In year 1, it sells 10 million coconuts, and stores the remaining 3 million as inventory. In year 2, it sells a total of 13 million coconuts which consist of Year 2 production and its inventory. The coconut producer pays $5 million to its workers each year. It pays $1 million in taxes to the government each year. The restaurant produces meals that generate a revenue of $30 million in the year 1 and $32 million in year 2. It spends $12 million on coconuts as intermediate input in year 1, and $17 million on coconuts as intermediate input in year 2. It pays $4 million in year 1 and year 2 to its workers. Taxes of the restaurant are $4 million in each year. The government uses tax revenues from the coconut producer and the restaurant to fund the military spending. Consumers are not taxed, and government does not run deficits or surpluses.

(a) Calculate the GDP in Year 1 using the expenditure approach.

(b) Calculate the GDP in Year 2 using the expenditure approach.