Answer the following question. (7 points) What components of GDP (if any) Name of the components of GDP would each of the following (such as, C, lg, G, X, M) transactions affect? Alberta government build a new hospital Jane buys a bottle of French wine Bombardier sells a plane to British Ainrvays Bombardier sells a plane to West Jet Bombardier produced a plane but failed to sell it in this year Assume the following annual information about a hypothetical country - Redland for 2020 (figures are in billions of dollars). Transfer payments $80 Government purchases 250 Personal taxes 140 Corporate income taxes 20 Indirect taxes less subsidies 40 Undistributed corporate profits 70 Net income of farm and unincorporated business 160 Wages, salaries, and supplementary labour income 480 Personal consumption expenditures 500 Capital consumption allowance 100 Exports 360 Profits of corporations and government enterprises 120 before taxes Interest and investment income 50 Dividends 30 Imports 310 Gross investment 150 Net investments from non-residents 60 i. Using this data, compute GDP for Redland by both the expenditure and income methods. (6 points) ii. Calculate the real GDP for Redland assuming that the CPI was 107 in 2020. (2 points) iii. If real GDP of Redland in 2019 was $995 billion, calculate the growth rate of its GDP . (2 points) iV . Calculate the numbers of years needed for Redland to double its GDP ? (2 points)