Multiple Choice
Joe sells the house he has lived in for 10 years to the Smith family for $300,000.He receives $50,000 more than his original purchase price 10 years ago.Joe pays his real estate agent a 5 percent sales commission.This transaction will increase gross domestic product (GDP) by
A) $0.
B) $50,000.
C) $15,000.
D) $65,000.
E) $300,000.
Correct Answer:
Verified
Correct Answer:
Verified
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