(a) (4 points) Acme Cheese Co. produces 500 pounds of cheese. Cheese sells for $20 per pound. Acme pays wages of $5,000. Acme buys $4,000 worth of milk, which is needed to produce the cheese. Acme pays $2,000 in taxes. What is Acme's contribution to GDP? What are Acme's profits? (b) (2 points) Suppose that the government collects $60 million in taxes, pays $40 million in Social Security benefits, pays $10 million in interest on the national debt, and pays workers $20 million to talk amongst themselves. What is the government's contribution to GDP? (c) (2 points) Suppose that GDP is equal to 3000, national saving is equal to 600, the current account deficit is equal to 300, and the government budget deficit is equal to 150. Private savings must equal... ? (d) (2 points) Suppose that GDP is equal to 3000, national saving is equal to 600, the current account deficit is equal to 300, and the government budget deficit is equal to 150. Investment must equal... ? (e) (4 points) In 2019, expected inflation exceeded inflation. In 2020, inflation ex- ceeded expected inflation. In what year were lenders worse off than expected