In 2030 in the country BREADLAND, there are three residents: TheFarmer , The Miller, and The Baker. The residents of BREADLANDimport and export goods to and from INDUSTRIALLAND and MARKETLAND.Use the following (i)-(iv) to answer parts a-f.

(i) The Farmer grows wheat which they sell to the Miller for$5,000

(ii) The Miller uses the wheat they purchased from the Farmer to ground $8,000 worth of flour. They sell $4,000 of the flour to the Baker and they sell $4,000 of the flour to residents of MARKETLAND.

(iii) The Baker uses the flour to bake $20,000 worth of bread.$11,000 worth of the bread is sold to residents of Bread land and$9,000 worth of the bread is exported to INDUSTRIALLAND.

(iv) The residents of BREADLAND purchase $6,000 worth of carrots to consume from MARKETLAND.

(iv) The baker wants to expand their business and buys a new$7,000 oven which they import from INDUSTRIAL LAND.

(iv) The Farmer , The Miller, and The Baker each pay $500 in taxes to the government of FARMLAND , which then pays the Baker$6,000 to build a road. Please answer the following questions: 

What is total consumption (personal expenditures) in BREADLAND ? 

What is total business investment in FARMLAND? 

What are total government expenditures in FARMLAND ?

 What are total exports in FARMLAND ?

What are total imports FARMLAND ? 

Calculate GDP in FARMLAND ?

Answer rating: 100% (QA)

Gross domestic product is the the sum of all final goods and services produced within a a countrys b... View the full answer