(i) Given the following annual information about a hypothetical country in 2021, answer questions a. through f.: Millions of Dollars Personal consumption expenditures $210 Personal taxes 70 Exports 60 Depreciation 75 Government purchases 185 Gross private domestic investment 50 Imports 100 a. Which method would you use to calculate GDP based on the data above? (1 Mark) b. What is the value of GDP? (2 Marks) c. What is the value of net domestic product? (1 Mark) d. What is the value of net investment? (1 Mark) e. If the opening capital stock was $50 million in 2021 what would be the closing capital stock? (2 Marks) f. What is the value of the balance of trade?(1 Mark) (ii) Define the term gross domestic product. (2 Marks) (iii) If a country's GDP is $2,700,000 and its population 20,000 what is the GDP per capita? (1 Mark) (iv) If GDP in nominal prices is $3,600 and GDP in real prices is $2,900 what is the value of the GDP deflator or GDP price index? (1 Mark) (v) The macroeconomy is expected to exhibit cycles similar to a wave where there will be ups and downs. True or False (1 Mark) (vi) Based on what we know about what took place during the great depression, the impact f the covid 19 pandemic is similar in some respects since we had plenty unemployment especially in the tourism industry. True or False (1 Mark) (viii) A country that spends more on capital goods will experience higher economic growth in the long run than a country that spends more on consumer goods all things equal because those capital goods can produce even more capital and consumer goods. True or False (1 Mark)