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please answer both questions as I really need help. I would really appreciate it. Thank you in advance. Consider an economy with three companies -

please answer both questions as I really need help. I would really appreciate it. Thank you in advance.

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Consider an economy with three companies - Cotton Inc, Yarnie Co, and Shirts & Pants Co. Cotton Inc processes raw cotton and sells all of its output to Yarnie Co for $1,000. Yarnie Co then turns cotton into thread, and sells all of their balls of thread to Shirts & Pants Co for $10 each. Shirts & Pants Co can use 1 ball of thread to make 1 shirt and that shirt can then be sold for $15, or they can use 2 balls of thread to make 1 pair of pants, and that pair of pants can then be sold for $30. Suppose that Shirts & Pants Co sells 200 pairs of pants and 200 shirts. Given this information and holding everything else constant, what is the value added by each firm? Select one alternative: O Cotton Inc: $0; Yarnie Co: $6,000; Shirts & Pants Co: $9,000 O Cotton Inc: $1,000; Yarnie Co: $5,000; Shirts & Pants Co: $3,000 O Cotton Inc: $1,000; Yarnie Co: $5,000; Shirts & Pants Co: $9,000 O Cotton Inc: $1,000; Yarnie Co: $5,000; Shirts & Pants Co: $2,000 O None of the other answers are correctThe White Witch is the somewhat unscrupulous leader of Narnia. In order to convince people that her economic policies are working, she provides the following GDP data: Real GDP. using Base Year 2012 $1,000,000 1980 2013 $1,100,000 1980 2014 $9,000,000 2014 Being a well-educated citizen of Namia, Tumnus realizes something is amiss with the data, because the base year would normally not change. Searching his data tables, he finds that the GDP deflator (multiplied by 100) for 2014 using a base year of 1980 was 900. Given this information, which of the following statements is FALSE? O When using the base year of 1980, Real GDP in 2012 equals Real GDP in 2014. O Nominal GDP in 2014 was $9,000,000. O When using the base year of 1980, real GDP decreased between 2013 and 2014. O Price levels decreased between 1980 and 2014 O None of the other answers are correct

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