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Suppose Islandia and Krakozhia are two neighboring countries. Firms A , B , C , D , and E are Islandian firms. Identify whether the
Suppose Islandia and Krakozhia are two neighboring countries. Firms A B C D and E are Islandian firms. Identify whether the following activities of A B C and E count towards Islandia's GDP
tableExampleImpact on GDPFirm A earns $ in profits from its production unit set up in Krakozhia.,tableFirm B imports perfumes in wholesale from Krakozhia at $ each and sells them inIslandia for $A thirdparty retailer, Firm C pays $ each for the soaps produced by Firm D and sells,them at $tableFirm E imports blue cheese from Krakozhia at $ per Ib and sells it at the same price inIslandia
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