In the fictional country of Symposia, we have the followinginformation for the year 2017:
*Consumers bought $2 billion dollars worth of goods andservices, 20% of which were produced and initially sold in2016.
*Labour wage income was $250 million in 2017*
*Businesses invested $100 million dollars in new capital (i.e.machinery) stock in 2017.
*Businesses also bought $200 million dollars worth of companystocks in 2017.
*Foreigners with working visas in Symposia lived inforeign-only households that bought $200 million worth of locallymade goods and services in 2017.
*The government of Symposia bought $250 million worth of newambulances for government run hospitals in 2017.
*Citizens of Symposia living overseas bought $100 millionworth of Symposia goods.
1. Calculate and explain how you obtained the figure (i.e.what did you count, and what did you exclude) for Symposia’sconsumption in 2017 Ă‚Â Ă‚Â
1. Calculate and explain how you obtained the figure (i.e.what did you count, and what did you exclude) for Symposia’sinvestment in 2017 Ă‚Â Ă‚Â
3. What was Symposia’s GDP in 2017? Explain your answer
