Suppose an Apartment Complex Converts to a Condominium (I

Multiple Choice

Suppose an apartment complex converts to a condominium (i.e., the renters become owners of their apartments) . What is included in GDP?

A) The rent was included in GDP; the purchases of the condominiums are not included.
B) The rent was included in GDP, and so is the purchase of the condominiums.
C) The rent was not included in GDP; the purchases of the condominiums are included.
D) The rent was not included in GDP; the purchases are not included either.