Hello tutor I need help with some questions. I have attached a link for the chapter.

Questions:

1. The expenditures on tires by the Ford Motor Company are not included directly in GDP statistics while consumer expenditures on replacement tires are included. Why?

2. Using any relevant information below, calculate GDP via the expenditure approach.

Inventory investment $50 billion

Fixed investment $120 billion

Consumer nondurables $275 billion

Interest $140 billion

Indirect business taxes $45 billion

Government wages and salaries $300 billion

Government purchases of goods and services $110 billion

Imports $80 billion

Exports $40 billion

Profits $320 billion

Services $600 billion

3. Nominal GDP in Nowhereland in 2020 and 2021 increased from $4 trillion to $4.8 trillion. Can you say that the production of goods and services in Nowhereland has increased between 2020 and 2021? Why or why not?

4. For 2020, GDP in the United States was estimated at around $21 Trillion Dollars. If the estimated population was around 331 million people, what was the GDP per capita that year? What share of GDP would accrue to a family of four?

link for chapter 5:

https://learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/61aab133e7df2/19709444?X-Blackboard-Expiration=1662962400000&X-Blackboard-Signature=gpxnBdym4ECq01lI7pTNp75Nkect%2BHWQzTIeBHDlNmg%3D&X-Blackboard-Client-Id=100211&response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27Schiller_TET_15e_Chap005_PPT.pptx&response-content-type=application%2Fvnd.openxmlformats-officedocument.presentationml.presentation&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEOn%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCXVzLWVhc3QtMSJHMEUCIQDN1SmQPaQSqvDStUXz2OSdY3cUT5efLm%2B28iMiiB7WuQIgahTxrk4F6nqWN6HVuwMY6PvyYJRoQCCnh9zShfWsFtEq1QQIgf%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARACGgw2MzU1Njc5MjQxODMiDCU%2Bzm6r9qFOf1CvuSqpBL3ujq9KO5pwnA2Mn5oOhUsNHGC1H2enSfC3pJAHyGDE%2F48nqUQPQ8KN0EWF%2FXuJMwPToPG21JlDCAMQTWKajYZqvMq6rUKp6oSD4mvhKSCR3vaHbFDFCnppJOwOg3laxJf5igJlZfeKwYO6Z8mw3llAGiwD3fw2tOHTeCdU%2FKOd%2BqaR2P1M7i4ik1LVuHUmPGjSBFV%2F6u8Rrzb5H%2B9DXZCNIRTDRx24dRNGnD3Ln8drsYOte9sFTq9S4Ug%2Fe6LGGuwjgcin3%2F%2BMp1VgSM9m75sGewun8V7l5%2BvWoiOH9wcIg7mJzx3ncCJcwHO9rMYeTTStw4Tg6VpGxvQ8u%2BMiJie%2BeFvMJAaokfpwWnhoLyyRAmOnWvG9EjpS9UjtsUGKUMyPp%2BgYuj9GYG8s0Vwl9UX8Ge881eVldadOrIeNfv0i%2BMoj6dJitZC%2FcNf9jeRYWWwWBJyQJ%2FkuYJ8v0fIQNczkYMqhmYAc4bBRbg0n%2Fa3h64nU4eFsBZ4Lw5OGjdhkffoLcjbotWFMJq7KdL79QaArlHvTkxHX2HLYjFBK9aR717qEVCCVpGE2AsOG7FM6m1T7kbBkvN0rj0ZioOj0dTBM9brinDvWELylzzVQWJIowi%2FFeOjA3yRq3AjXMpXjd%2FvxHZ9xCET45t61rmK%2B%2BTN%2FEqU2cW9qoYZxMmfKB%2FqwnNbFrLwMiSUaJRVbmjuuMpgNPIkUx%2FiedMFewdAG6f9IVznEnLfMtNQwge%2F5mAY6qQHxcyHDBZltbpU%2BMS5bG5FmO0IFsCxqwg7bGsoRGQJu30KhqERWjvvt3uJ12e7LQD8sLFZWDHrCAt8BXevmJMuMauetYp9lLPQwtpU2TuYuk2FzUTQYX%2F0l672gX06WJZAtd3gTEPmSeFGPOE%2BNif9k9IQpi5n5RpGSPo6hkxWw%2BPe8%2FSqO%2Fv57zJiRr1qelk%2BPO8dd3OW9u8%2B268I%2F6Li0kBUF5B4ILcNF&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20220912T000000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=ASIAZH6WM4PL7VSA24NO%2F20220912%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=1e53eb201ddb25af624877fdac794eaee993896247502421832159e91320df0b