Exercise 1 (20 points) Using the following data from Statistics Canada, answer the following questions. a. Table 36-10-0104-01: Gross domestic product, expenditure-based, Canada, quarterly (x 1,000,000), seasonally adjusted at annual rates, estimates level 1, current price. b. Table 36-10-0103-01: Gross domestic product, income-based, quarterly, Canada, (x 1,000,000), estimates level 1 (click only one option). Question 1 (6 points) Fill up the blanks. (first largest) and A (second largest) are the two major components (larger %) of Canadian GDP expenditure-based when using estimates level 1. Write the name as it is written in the GDP table. Question 2 (6 points) Fill up the blanks. (first largest) and A (second largest) are the two major components (larger %) of Canadian GDP income-based, when using estimates level 1. Write the name as it is written in the GDP table.Question 3 (4 points) Which of the following statements is true? There is only one correct option The annual GDP expenditure-based for 2016 is $8, 102,140 (x 1,000,000). The annual GDP income-based for 2020 is $2,204,905 (x 1,000,000). O The annual GDP income-based for 2016 is $1,998,420 (x 1,000,000) minus the statistical discrepancy. The annual GDP expenditure-based for 2016 is $1,998,420 (x 1,000,000) minus the final domestic demand. Question 4 (4 points) Which of the following statements is false? There is only one correct option The data for total GDP income-based and expenditure-based in the tables are the same and are presented as real GDP. O Both - GDP income-based and expenditure-based in the tables- are calculated at market prices. If we subtract to the GDP income-based in the tables the taxes on products and imports and the taxes on production, and we add the subsidies on products and imports and the subsidies on production, the GDP income-based would be calculated at factor cost. The data for total GDP income-based and expenditure-based in the tables are the same and are presented as nominal GDP