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4. GDP- The 3 approaches (15 pts) To the problem we will look at the country o' Tree Trunk s on and calcule their GDP

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4. GDP- The 3 approaches (15 pts) To the problem we will look at the country o' Tree Trunk s on and calcule their GDP ing each of the three aporeaches in show equivalency. Tree Trunkizar produces er " own gods, apples and apple pie. The creameds in tree trunkdstan typically bring in 42 bushels of apples each year at 110 per bushel. I'me; sell In hasnels of 's to the apple pie accent. sel .i wishels w the poramman and 20 Vrwack we comunmurs exports 6 bushels to he acighbering county ul Fin- land and leaves 2 bushes 'a inventory ( Think of irvemory as a Farm of investment). The pic maker utillees we 10 bushacts to make: apple ple making 2WU apple piss at $5 per pio. They all lib of : tose apple pies in consumer. 10 of those apple pies in the government and expo.is 10 apple pies we l'imblanc. The rislenice pay 500 in wages to workas, pave taxes of Sol. route machines Iespick apples by 8Ion, The apple pie fenkerry pays wages of Fino, *. na enzio make pies for $210 and pay, $10 in case. Howwebolds was taxed 190 over de coure of de war. All paidits are paid look on the lower bobis as dividends winner the time : A. RPrater lo Inal oh (5 pty) Compute CDI' using the D'roduction Approach iRemember vabtract intermediate goods cais maly; (hi (5 pea) Company GDP wing the Inomar Approach (Add up al. the woucy erryour maker ( (5 pta) Compute (iDP using the Mapenditure Aporeach

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