Suppose That an Apartment Complex Converts to a Condominium Where

Multiple Choice

Suppose that an apartment complex converts to a condominium where the renters are now owners of their former apartments. What is included in GDP?

A) The rent was included in GDP; the purchases of the condominiums are not.
B) The rent was included in GDP, and so is the purchase of the condominiums.
C) The rent was not included in GDP; the purchases of the condominiums are.
D) The rent was not included in GDP; the purchases are not included either.