Multiple Choice
The value of the housing services provided by the economy's owner-occupied houses is
A) included in GDP,and the estimated rental values of the houses are used to place a value on these housing services.
B) included in GDP,and the actual mortgage payments made on the houses are used to estimate the value of these rental services.
C) excluded from GDP since these services are not sold in any market.
D) excluded from GDP since the value of these housing services cannot be estimated with any degree of precision.
Correct Answer:
Verified
Correct Answer:
Verified
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