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Assume Maria who currently works and lives in the U.S purchased a handbag that was produced in Italy. The value of this handbag will be
Assume Maria who currently works and lives in the U.S purchased a handbag that was produced in Italy. The value of this handbag will be included in the GDP calculations of the U.S. will be included in the CPI calculations of the U.S. will be included in the calculations of both GDP and CPI of the U.S. will neither be included in the calculations of the GDP nor the CPI of the U.S
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