Sally has recently graduated from college and has bought a house that was built 50 years ago for $100,000.She used a real estate agent to help her find and purchase the house,and the real estate agent received 6 percent of the value of the sale,or $6,000,to be paid by the seller of the house.The value of GDP in this case would
A) increase by $100,000.
B) increase by $94,000.
C) increase by $106,000.
D) increase by $6,000.
E) not be affected because the house was not produced in the current time period.
Correct Answer:
Verified
Q2: In the process of calculating the production
Q3: Simon Kuznets won a Nobel Prize in
Q4: When computing U.S. GDP, a good or
Q5: Where are the goods and services included
Q7: GDP is
A)a measure of the value of
Q8: The numbers one finds when one measures
Q9: If we calculate GDP by adding the
Q10: GDP can be calculated by adding the
Q11: The initials BEA stand for the
A)Business and
Q13: What best describes what is included in
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