Please answer the 2nd question.

2 Computing GDP: A Simple Island Economy The country of Greece has two businesses, an olive yard that produces olives, and a hotel that serves tourists. Households work in both businesses as well as for the government (as policemen), buy olives from the olive yard, and go on vacation using the hotel (the hotel only serves Greek citizens, and Greek citizens do not travel abroad for vacation). There is a government that levies taxes in order to pay the policemen. The transactions in this economy are described by the following tables (all numbers are in as Greece uses as currency now). 1. ( 2 points) Compute after-tax profits of both the olive yard and the hotel. Then sum the profits and enter them in table IV. 2. (2 points) Compute GDP in Greece using the Product Approach. Clearly specify different components. 3. (2 points) Compute GDP in Greece using the Expenditure Approach. Clearly specify different components. 4. ( 2 points) Compute GDP in Greece using the Income Approach. Clearly specify different components. 2 Computing GDP: A Simple Island Economy The country of Greece has two businesses, an olive yard that produces olives, and a hotel that serves tourists. Households work in both businesses as well as for the government (as policemen), buy olives from the olive yard, and go on vacation using the hotel (the hotel only serves Greek citizens, and Greek citizens do not travel abroad for vacation). There is a government that levies taxes in order to pay the policemen. The transactions in this economy are described by the following tables (all numbers are in as Greece uses as currency now). 1. ( 2 points) Compute after-tax profits of both the olive yard and the hotel. Then sum the profits and enter them in table IV. 2. (2 points) Compute GDP in Greece using the Product Approach. Clearly specify different components. 3. (2 points) Compute GDP in Greece using the Expenditure Approach. Clearly specify different components. 4. ( 2 points) Compute GDP in Greece using the Income Approach. Clearly specify different components