A real estate salesperson sells a house in 2011 that was built in 2005.How does this transaction get counted in the GDP statistics?
A) The price of the house and the real estate salesperson's commission are both included in 2011's GDP.
B) Neither the price of the house or the commission is included in 2011's GDP.
C) The real estate salesperson's commission but not the price of the house is included in 2011's GDP.
D) The price of the house would be included in both 2005's GDP and the GDP for 2011.
Correct Answer:
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