three approaches to GDP question

. (I 7 marks} Consider an economy which consists of two rms, A and B, consumers, and a government. Firm A is a table factory. Firm B is a furniture retailer. In 2020, Firm A produces table's worth $350,000, out of which $200,000 it sells to the furniture retailer, $100,000 it sells to the government, $25,000 it exports to the United States, and $25,000 worth of tables it stores as inventory to be sold the following year. The table factory uses imported wood from Sweden worth $150,000. The table factory pays workers $140,000 and $20,000 in taxes to the government. The furniture retailer sells $300,000 worth of tables: $250,000 worth to domestic consumers, and $50,000 to foreign consumers in Mexico. The furniture retailer pays taxes $30,000 to the government and $50,000 to the workers for marketing and sales. Consumers receive $30,000 as dividends from abroad. The prots of the table factory are distributed to domestic consumers. However, the furniture retailer is foreign owned. (a) [12? marks} Calculate GDP using, the product approach, the expenditure approach, the income approach. Show your work clearly (Note: you will not get marks for simply providing the nal number). {b} [5 marks) Calculate GNP and the current account surplus for this economy