Calculate Xanadu’s GDP in 2014. Explain the approach (expenditure or income) that you used to calculate GDP.  Use the following data to work Problems 20 and 21.  An economy produces only apples and...

Calculate Xanadu’s GDP in 2014.

Explain the approach (expenditure or income)

that you used to calculate GDP.

 Use the following data to work Problems 20 and 21.

 An economy produces only apples and oranges. The

base year is 2013, and the table gives the quantities

produced and the prices.