MACRO ECONOMIC QUESTIONS HELP NEEDED??

TRUE/FALSE/UNCERTAIN QUESTIONS.
A1-6.In the village of Utopia, the GDP has gone up by 100 percent from 1980 to 2016. As a result, one can conclude that the welfare has improved over this period.

A1-7.Suppose a Canadian company exports half of its $8M worth of its output to the US and sells the rest to domestic consumers. It imports $3M worth of raw material from the US, pays its workers $2M
in wages, pays its creditors $2 M in interest, and retains $1 M in profits for its owners. This company’s operations add $9 M to Canadian GDP whether measured by the value added approach,
the expenditure approach, or the income approach.

A1-8
In a country that undergoes rapid economic development, CPI often understates the actual inflation.