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5) [10 points] Consider a simple closed economy in which there are only two firms, FlourCo and PastaCo. In the year 2000, FlourCo sells 0.5

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5) [10 points] Consider a simple closed economy in which there are only two firms, FlourCo and PastaCo. In the year 2000, FlourCo sells 0.5 million pounds of flour to PastaCo and 2 million pounds of flour to households. PastaCo uses all of the flour it purchases to produce pasta and sells all 0.25 million pounds of pasta it produces to households. In 2000, the price of flour was $1 per pound and the price of a pound of pasta was $2.00. Compute GDP using the production-side method

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