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Please show your work as well, thank you 3. (20 points, true story, made up numbers) You're a senior economist work- ing at the IMF

Please show your work as well, thank you

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3. (20 points, true story, made up numbers) You're a senior economist work- ing at the IMF (making $200,000 USD, tax free), and you have just been told you have to y to a country on the cusp of a civil war for two weeks to complete an Article 4 mission. Once you get there you realize they have not constructed GDP. The economy is under a embargo with no trade or foreign nancial ows. You get the below data based on agricultural, manufacturing and retail sectors. As soon as you get all the data, tanks roll up to your hotel and UN ofcials evacuate you out the back door to the airport and you y back to D.C.. Once back you calculate and report GDP for your Article 4 report using the following data: Agricultural sector Manufacturing sector Total Output $40.0 Total Output $60.0 Wages $10.0 Cost of agricultural goods $24.0 Interest on Loan $1 Wages $8.0 Indirect Taxes $3 Indirect Taxes $6.0 Consumers Government (Military) Wage Income $29 Tax Revenue $11 Interest Income $1 Wages $1 1 Prots $48 .0 Taxes $2.0 (a) Calculate GDP based on the expenditure method. (b) Calculate GDP based on the income method. (c) Calculate GDP based on the value added method

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