Q 1. Based on Chapter Introduction, Why It Matters: GDP is Some Sum of Income in ch23, who is the great novelist he mentioned to explain a large GDP as the best recipe for national prosperity? 2. Using the Concept-Clip: Micro vs. Macro in ch23 introduction section, compare microeconomics and macroeconomics with some good examples. 3. Based on the ConceptClip: GDP in ch23, list four components of total spending on final goods. 4. For the first Video Problem Walk-Through: Computing Nominal GDP, Real GDP, and the GDP Deflator for an Economy in ch23, the table has now extra data for 2018 as follows. Year 2018, Price of Books $14, Quantity of Books 200, Price of Pizza $10, Quantity of Pizza 300. Please answer the following questions based on this new addition to the table: 5. An economy has a GDP of $700, Investment $10, Government Purchase $5, and Net Export -$7. Please calculate Consumption for this economy. You can use the third Video Problem Walk-Through: Using the Components of GDP to Calculate GDP for an Economy in ch23 for a similar calculation.