Multiple Choice
The value of the housing service provided to individuals who live in housing they own themselves is included in GDP by:
A) estimating the rental value of the housing
B) using the monthly mortgage payment
C) using the purchase price of the house
D) none of the above.Because the value cannot be measured directly, it is excluded.
Correct Answer:
Verified
Correct Answer:
Verified
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Q18: If the GDP deflator is $98 billion
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Q20: For each of the following events, ceteris
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Q24: Value added is<br>A)used to measure GDP under
Q25: Capital income (profits, rental payments and interest
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