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Question 1 There is an orange producer who produces 100 oranges. She sells 20 oranges to the final consumer for $2 each and the remaining 80 oranges to a juice maker for $2 each. The orange producer has the following costs: Salary paid = $100, interest paid = $20 and tax paid = $50. The juice maker sells total juice worth $400. The juice maker has the following costs: Cost of oranges purchased = 5160, Salary paid = $120, interest paid = $20 and tax paid = $60. The government receives taxes from the orange producer ($50), the juice maker ($60) and also from the consumer (520). Using this information answer the following questions: 1. 2. 3. 4 What is the revenue earned by the orange producer and thejuice maker? What is the profit earned by the orange producer and the juice maker? What is the GDP of this economy? Calculate using all three approaches. Now the orange producer also imports 10 oranges from a different country at $3 each and sells it to the juice maker for the same price ($3 each). The juice maker processes these oranges and makes orange juice out of them and sells thejuice for 540. How much will GDP change by? Calculate using all three approaches (All other details remain the same)