Consider a simple fictional island economy where there is a coconut producer, a restaurant, a military producer, and consumers. The coconut producer owns all of the coconut tress on the island, harvests the coconuts that grow on the trees, and in the current year produces 13,000 coconuts, which are sold for $2.00 each. The coconut producer pays wages of $5,000 to its workers, and $3,000 in taxes to the government. Of the 13,000 coconuts produced, 6,000 go to the restaurant that uses the coconuts as an intermediate good in making their meals (each intermediate coconut is valued at $2 a coconut). 4,000 coconuts are bought by the consumers for $2 each as a final good and the remaining 3,000 coconuts are stored in inventory at a market value of $2 a coconut. The restaurant sells $31,000 in restaurant meals during the year and pays its workers $4,000 in wages and the government $4,000 in taxes. Finally, to prevent foreign invaders from destroying the coconut trees, the military producer on the island makes and sells bows and arrows to the government for $5,000 and pays taxes of of $2,000 and pays wages to its workers of $2,000.

8. Using the income approach, calculate total cost for the coconut producer.

9. Using the income approach, calculate total revenue for the restaurant.

10. Using the income approach, calculate total cost for the restaurant producer.

11. Using the income approach, calculate total revenue for the military producer.

12. Using the income approach, calculate total cost for the military producer.

13. Using the income approach, calculate total government income.

14. Using the income approach, calculate total depreciation in the economy.

15. Using the value-added approach, calculate the value-added for the coconut producer.

16. Using the value-added approach, calculate the value-added for the restaurant producer.

17. Using the value-added approach, calculate the value-added for the military producer.

18. Using the expenditure, income, and value-added approach results in what value for final GDP in the economy?