Multiple Choice
A real estate salesperson sells a house in 2009 that was built in 1990.How does this transaction get counted in the GDP statistics?
A) The price of the house and the real estate salesperson's commission are both included in 2009's GDP.
B) Neither the price of the house or the commission is included in 2009's GDP.
C) The real estate salesperson's commission but not the price of the house is included in 2009's GDP.
D) The price of the house would be included in both 1990's GDP and the GDP for 2009.
Correct Answer:
Verified
Correct Answer:
Verified
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