Multiple Choice
Tim buys a house from Betty in 2011 for $200,000.Betty receives $185,000 and $15,000 goes to Mary,the real-estate agent.Betty originally purchased the house in 2007 for $240,000.What value is added to GDP in 2011 for this transaction?
A) -$40,000
B) $15,000
C) $185,000
D) $200,000
Correct Answer:
Verified
Correct Answer:
Verified
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