Suppose that furniture production encompasses the following stages: Stage Trees are sold to lumber $2,500 1: company. Stage Lumber is sold to furniture 2: $6,000 company. Stage Furniture company sells $10,000 3: furniture to retail store. Stage Furniture store sells furniture $15,000 4: to consumer. Instructions: Enter your responses rounded to the nearest whole number. a. What is the value added at each stage? Stage 1: $ Stage 2: $a. What is the value added at each stage? Stage 1: $ |:| Stage 2: $ |:| Stage 3: $ |:| Stage 4: $ |:| b. How much does this output contribute to GDP? $: (2. How much would the output contribute to GDP if the trees 1were imported f ThaHand? $E 10 SUOTTTIA category Dollars Consumption $200 Depreciation 20 Retained 12 earnings Gross investment 30 Imports 60 Exports 50 Net foreign factor income 10 Government 80 purchases Instructions: Enter your responses rounded to the nearest whole number.a. How much is GDP? $ E billion b. How much is net investment? $ E billion (2. How much is national income? $ E billion 135 130 125 120 Real GDP 115 per capita 110 Social health 105 100 95 90 85 1990 1995 2000 2005 2010 2015 YEAR a. Per capita GDP data (Click to select) the rise in the U.S. well- being since 1990. b. How do you know? Real per capita GDP growth is much greater than the growth in social health. Real per capita GDP growth is much less than the growth in social health. Real per capita GDP growth is the same as the growth in social health