Suppose a country produces fruit and jam only. Orchards produce fruit using labor only, whilejam factories require both fruit and labor. In 2021, orchards produced $10 million of fruit. 80 percent of this fruit was sold to factories who used it to makejam and the rest to consumers (at the same price). The factories sold all of theirjam to consumers for $35 million. The owners of the orchards paid $3 million in wages to laborers, and the factory owners paid $12 million in wages to their workers. Calculate total profits and GDP in 2021. (j a. Prots were $22 million and GDP was $37 million [T b. Profits were $20 million and GDP was $35 million (T c. Profits were $34 million and GDP was $49 million (T d. Profits were $18 million and GDP was $33 million