During the production process of goods and services produced within the nation during 2022, the total income generated is as follows: a) Salaries and wages to households providing labor (L): 500,000 b) Profit and rent to households providing capital and land (KT): 5,000,000 Based on the above information, determine the value of nominal GDP for 2022. Thoroughly explain your answer. 2) During 2022, Nation Z produced only 10 goods. Goods A, B C, D and E are intermediate goods. Goods F, G, H, I and I are final goods. The intermediate goods (A, B, C, D and E) are used in the production of the final goods (F. G. H, I and J). The quantities produced and sold of each good in 2022 are as follows: Q50 units; Q 40 units; Q 60 units; Qu 70 units; Q 30 units; Q 40 units; Q60 units; Q 50 units; Q= 30 units: Q= 70 units The 2022 market prices of each good are as follows: PA= 200; P=305; P=600; P=50; P=400; P=300; P= 200; P=505; P=400; P=305. Based on the above information, determine the value of nominal GDP for 2022. Thoroughly explain your answer. 3) In 2022: a) Total expenditure on final goods and services by households (C) in country A = 800 ; of which 200 * are expenditure on final goods and services produced in other countries; b) Total expenditure on final goods and services by firms (10) in country A= 900 *; of which 400 * are expenditure on final goods and services produced in other countries; c) Total expenditure on final goods and services by government (G) in country A = 800 *; of which 200 & are expenditure on final goods and services produced in other countries; d) Total expenditure on final goods and services produced in country A and purchased by citizens from other countries (X) = 2,000 s Based on the above information, determine the value of nominal GDP for 2022. Thoroughly explain your answer.