Multiple Choice
How is the value of housing service provided by the economy's stock of houses included in GDP?
A) It is not included in GDP since it is not sold on the market.
B) It is counted and is valued as the mortgage payment made on the house.
C) It is counted and uses only the purchase price of the house in the year it is sold.
D) It is counted and is based on an estimate of its rental value.
Correct Answer:
Verified
Correct Answer:
Verified
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