Consider an apartment complex that converts to a condominium As a result, the renters become owners of their apartments. What is included in GDP? The rent was not included in GDP, the purchasen of the condominiums are included. The rent was not included in GDP, the purchases are not included either O The rent was included in GDP, and so is the purchase of the condomininma. The rent was included in GDP; the purchases of the condominiums are not included.
Consider an apartment complex that converts to a condominium As a result, the renters become owners of their apartments. What is included in GDP? The rent was not included in GDP, the purchasen of the condominiums are included. The rent was not included in GDP, the purchases are not included either O The rent was included in GDP, and so is the purchase of the condomininma. The rent was included in GDP; the purchases of the condominiums are not included.
Chapter15: Gross Domestic Product
Section: Chapter Questions
Problem 7SQP
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Transcribed Image Text:Consider an apartment complex that converts to a condominium As a result, the renters become owners of their
apartments. What in included in GDP?
The rent was not included in GDP; the purchasen of the condominiums are included.
O The rent was not included in GDP, the purchases are not included either.
O The reat was included in GDP, and so is the purchase of the condominmma.
O The rent was included in GDP; the purchases of the condominiums are not included
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