Suppose in 2014,you purchase a house built in 2003.Which of the following would be included in the gross domestic product for 2014?
A) the value of the house in 2014
B) the value of the house in 2003
C) the value of the house in 2014 minus depreciation
D) the value of the services of the real estate agent
Correct Answer:
Verified
Q1: Gross domestic product is calculated by summing
Q8: In the circular flow model,the value of
Q9: Which of the following would be directly
Q13: Which of the following goods is directly
Q14: Macroeconomics,as opposed to microeconomics,includes the study of
Q14: In 2013,the U.S.auto industry experienced rising sales.The
Q15: In the circular flow model,the value of
Q17: Which of the following is not directly
Q17: In 2013,Ford Motor Company's sales were rising.These
Q19: During a business cycle expansion,total production _
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents