Suppose an applegrower produces $1 ,000 worth of apples, of which $T00 are sold to a baker},r and $300 are sold to consumers. A water supplier produces $300 worth of water, of which $200 goes to the bakery and $100 to consumers. The bakery produces $1 ,500 worth of apple pcies, which are all sold to consumers. The three companies pay their employees as follows: the apple-grower pays $400 in wages, the water supplier pays $200 in wages, and the baker},r pays $200 in wages. There are no other costs of production. a. Defme the term lGross Domestic Product (GDP). b. Calculate GDP based on the value of production. c. Calculate prots to the owners of each of the three companies {prot = revenue minus costs}. d. Calculate GDP based on income