Question 1 [16 marks] 1.1 By how much does Australian GDP change in each of the following scenarios? Briey explain your answers. [2 marks each] a) An Australian bicycle company develops the designs for a bicycle. b) A coal broker in China buys 21 billion dollars' worth of coal from around the world, including 8 billion dollars of Australian coal. A producer in India buys half of this coal for 12 billion dollars; a company in Taiwan buys the other half for 17 billion dollars. 0) An Australian company imports telecommunication equipment for 12 billion dollars om a factory in China. d) An Australian computer company imports assembly materials from a Chinese factory for 14 billion dollars. It assembles parts. It keeps 4 billion dollars worth of computers in inventory and then sells the rest to Australian retailers for 16 billion dollars. e) An Australian company has 5 billion dollars worth of iron ore in inventory, then exports these 5 billion dollars worth of iron ore to Vietnam. 1) A locally owned company in Melbourne produces and sells 1 billion dollars of glass to an automobile manufacturer in Queensland, which uses the glass in the current period to manufacture automobiles. 1.2 What sources of value might not be captured in your GDP calculation in part 1.1? [4 points]