Suppose an apartment complex converts to a condominium,so that the former renters are now owners of their housing units.
A) The rent was included in GDP; the purchases of the condominiums are not included in GDP.
B) The rent was included in GDP, and so are the purchases of the condominiums.
C) The rent was not included in GDP; the purchases of the condominiums are included in GDP.
D) The rent was not included in GDP, and neither are the purchases of the condominiums.
Correct Answer:
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