Multiple Choice
Rhonda sells a house she has owned for 15 years and starts living in a rented apartment. To make the house more marketable, she buys carpeting that she has professionally installed and buys wallpaper that her daughter hangs. Which items would be included in this year's gross domestic product (GDP) ?
A) The sale price of the house.
B) The cost of transporting all her furniture to the new apartment.
C) The opportunity cost of Rhonda's daughter's time.
D) The opportunity cost of Rhonda's time.
E) The purchase price of the carpet and wallpaper and the installation fee for the carpet.
Correct Answer:
Verified
Correct Answer:
Verified
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