Due 10pm Eastern 6/2/2014700 words.Part IAssume that Country A has a population

Due 10pm Eastern 6/2/2014700 words.Part IAssume that Country A has a population of 500000 and only produces 1 good: cars. Country A produces 100000 cars per year. The people in Country A purchase 90000 cars but there are not enough cars to fulfill all the demand. They decide to import 50000 more. The government buys 25000 cars for its police force and 10000 cars are bought by companies to transport employees to other locations to work. They also export 65000 cars to nearby countries for sale.Discuss the following:Part IIGo to the Bureau of Economic Analysis atthis Web site and look up the latest new release for real GDP. Address the following questions after reading the latest release: