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1. How would the following events affect a country's GDP in the current year? Briefly explain your answer in each case. (Assume all transactions take

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1. How would the following events affect a country's GDP in the current year? Briefly explain your answer in each case. (Assume all transactions take place in that country in the current year, unless otherwise stated). a. A firm sold some of the unsold smart phones produced last year to a foreign country, resulting in a decrease in inventories of $300,000.~ b. A person bought 400 shares of HSBC common stock. $300 commission paid.~

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