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Given that information for Country AIR are as below: Component $ (million) Household consumption 40 Gross investment 20 Government expenditure 35 Export 35 Import 10

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Given that information for Country AIR are as below: Component $ (million) Household consumption 40 Gross investment 20 Government expenditure 35 Export 35 Import 10 Indirect taxes 25 Subsidies 100 Capital depreciation 30 a) Calculate the Gross Domestic Product (GDP) market price for Country AIR b) Calculate the GDP factor cost for Country AIR c) Discuss the activities that are not included in calculating the GDP for a country

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