I need explanations and how to's for these questions. I am lost and don't know how to do them. Suppose the United States and Japan have the following production possibility tables:JapanUnited StatesBolts of ClothTons of WheatBolts of ClothTons of Wheat1,00005000800100400200600200300400400300200600200400100800050001,000a. Draw each country's production possibility curve.b. In what good does the United States have a comparative advantage?c. Is there a possible trade that benefits both countries?d. Demonstrate your answer graphically2. Using equation y = 3x + 1000, demonstrate the following:a. The slope of the curve changes to 5b. The curves shift up by 5003. If US production of corn was 60 million bushels in 2018 and 100 million bushels in 2019, what is the percentage change in corn production from 2018 to 2019?4. Calculate the missing values:a. Nominal and real interest rates. Provide your calculations.Real Interest RateNominal Interest RateInflation8651585b. Per capita GDP: Using the following data, organize from the largest to smallest, according to the rate of growth of GDP per capita in each year. Explain your answer.YearAustraliaBelgiumBrazilColombiaFranceJapanUnited StatesGDP growth (annual %)20132.440.022.744.940.661.612.2220142.501.350.144.550.18-0.102.39Population growth (annual %)20131.890.531.231.350.730.460.9620141.720.421.191.310.720.410.955. In 2018 there were three firms in an economy: A, B, and C. Firm A buys $500 worth of goods from firm B and $250 worth of goods from firm C and produces 200 units of output, which it sells at $15 per unit. Firm B buys $300 worth of goods from firm A and a $250 worth of goods from firm C, and produces 300 units of output, which it sells at $5 per unit. Firm C buys $250 worth of goods from firm A and nothing from firm B. It produces output worth $1,000. All other products are sold to consumers.a. Calculate nominal GDP for this economy. What approach are you using? Show your calculations.b. In 2019 we know that nominal GDP grew 3% with respect to 2018. What is the nominal GDP of 2019?c. If a value-added tax (a tax on the total value added of each firm) of 10 percent is introduced, how much revenue will the government get?d. How much would the government get if it introduced a 10% sales tax on final output?e. How much would the government get if it introduced a 10% income tax on final output?6. You have been hired as a research assistant and are given the following data:Compensation to employees$1300Consumption1500Exports100Net foreign factor income50Government spending200Investment300Imports50Interest40ProfitRent10Net investment70a. Calculate GNP and GDPb. Calculate the Aggregate Income of this economyc. What is the equalizing income? What is their value?d. What is the depreciation in this year?e. What is NDP?7. Below are nominal GDP and GDP deflator for four years.YearNominal GDP in billionsGDP Deflator2010$25,000100201112,000107201216,490105201317,800111a. Calculate real GDP each year.b. Calculate the inflation rate for each year.c. Did the percentage change in nominal GDP exceed the percentage change in real GDP in any of the last three years listed? Show your calculations.In which year did society's welfare increase the most?8. In year 1, nominal GDP is $14 trillion, and the GDP deflator is 122.5. In year 2, nominal GDP is $14 trillion, and real GDP is $12 trillion. Calculate:a. Real GDP for year 1 and year 2.b. (2.5 pts) Inflation between year 1 and year 2.9. While Jon I walking to school one morning, a helicopter flying overhead drops a $100 bill. Not knowing how to return it, Jon keeps the money and deposits it in his bank. If the bank holds 5% of its money in reserves:a. How much money can the bank initially lend out?b. After this initial transaction, by how much is the money in the economy changed?c. What's the money multiplier?d. How much money will eventually be created by the banking system from Jon's $100?10. Suppose there are 90 million people not in the labor force; 144.0 million in the civilian labor force, and 130.9 million employed.a. Based on these numbers, what is the rate of unemployment?b. Discuss what would happen to unemployment if the participation rate falls and the employment rate stays the same.

Japan United States Bolts of Cloth Tons of Wheat Bolts of Cloth Tons of Wheat 1,000 500 BOO 100 400 200 600 200 300 400 400 300 200 600 200 400 100 800 500 1.000 Real Interest Rate Nominal Interest Rate Inflation 5 15 5 Australi Belgium Brazil Colombi France Japan United States GDP growth 2013 2.44 0.02 274 191 0.66 161 aBBuAl 2014 2.50 1.35 0.14 1.55 0.18 -0.10 2.39 Populati 2013 1.89 0.53 1.23 135 0.73 0.46 0.96 growth 9%) 2014 1.72 0.42 1.19 131 0.72 0.41 1.95 Compensation to employees $1300 Consumption 1500 Exports 100 Net foreign factor income 50 Government spending 200 Investment 300 Imports 50 Interest 40 Profit Rent 10 Net investment Nominal GDP in Year billions GDP Deflator 2010 $25.090 100 2010 12,000 107 2012 16.490 103 2014 17,800 1 11