Multiple Choice
James owns two houses.He rents one house to the Johnson family for $10,000 per year.He lives in the other house.If he were to rent the house in which he lives,he could earn $12,000 per year in rent by doing so.How much do the housing services provided by the two houses contribute to GDP?
A) $0
B) $10,000
C) $12,000
D) $22,000
Correct Answer:
Verified
Correct Answer:
Verified
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