The fictional tiny country of Florandia has been struggling for years to understand why the economy stagnated at the turn of the century. Part of the problem is that their statistical agency was terrible at collecting data, which is essential to diagnose the problem. To fix this issue, this year the government started a new system for data gathering and they are now ready to use this data to calculate its GDP. This is the information obtained by the government for 2020. Local farmers sold $3,000 worth of apples to local consumers and $1,200 worth of bananas to Chiquita* (asterisks denote foreign companies.) In order to grow these fruits, local farmers had to purchase $300 worth of seeds and fertilizer from a local store and pay $400 in wages. Local consumers also bought pineapples from Del Monte* for a value of $1,100. The local coffee chain, Cafele, bought coffee beans from Lavazza* for a value of $2,500 and milk from the local rancher, at a value of $1,000, and sold delicious Lattes to customers in their locations inside the country for a value of $8,500. The main company in the country, Samson Inc., produced coffee machines, laptops and scooters. It sold $12,000 worth of coffee machines, 40% of which went to Cafele and 60% to Starbucks*. It also sold $5,000 worth of laptops, 90% of which was sold to the local government and the remainder to local consumers. Finally, it sold $7,500 worth of scooters to Cafele for deliveries and $3,600 to Vespa*. For Samson Inc. to produce its output, it had to purchase raw materials and components from a foreign company for a value of $3,100. The government built $2,100 worth of new infrastructure using $1,250 worth of materials imported from a foreign corporation.

1. Using the previous information calculate the GDP of Florandia for 2020 using the production approach by adding up the different value added of each firm in Florandia.

2. Sort the different items among the various components of GDP according to the expenditure approach and calculate the share of each component of GDP