4. A farmer grows oil palm, which he sells the fruit to a miller for RM100. The miller turns the fruits into oil, which he sells to a soap manufacturer for RM150. The soap manufacturer turns the palm oil into soap, which he sells to consumer for RM180. Consumers use the soap. a. What is GDP in this economy? Explain. b. Assuming there are no intermediate goods beyond those described above, calculate the value added of each of the three producers. C. What is the total value added of the three producers in this economy? How does it compare to the economy's GDP? Does this example suggest another way of calculating GDP? 5. On January 1, 2010, United Delivery had trucks valued at $1.3 million. During 2010, United Delivery purchased new trucks valued at $500,000. If the value of the trucks on December 31, 2010 was $1.5 million, what is the amount of its net investment and its depreciation during 2010? 6. The table below shows the transaction in Pinkland last year: Amount Item (millions of dollars) Wages paid 100 Consumption expenditure 120 Taxes 40 Transfer payments 15 Profits 35 Investment 30 Government expenditure 50 Exports 30 Imports 40 a Calculate Pinkland's GDP. b What approach did you use to make this calculation