It's not possible to say - some video is higher quality than others.
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About 500 Mb in reasonable quality video.
That really depends on the quality of the video. A low-quality video may use 1 megabyte (not gigabyte) per minute, or a few megabytes per minute. A DVD, which is already high quality, has 4.7 gigabytes for a capacity of perhaps a little over 2 hours (120 minutes). A Blu-ray disc, which has a still higher quality, uses about 25 gigabytes for the same playing time.
Depends - 2054 megabytes of what? - 1 minute of MP3 music in a fairly high quality takes about 1 MB, but the amount of MB/minute can really vary a lot. A minute of a DVD-quality movie takes up much more space than that.
That really depends a lot on the video's size and quality. Take a sample of a video in the desired quality, and look how many MB it takes, and for how many minutes it plays. From there, you can extrapolate. (1 GB = 1024 MB)
That can vary a LOT, depending on the video's size (height and width, in pixels), as well as its quality.