Question

Which of the following values would be included in U.S. GDP for 2015?

a. the rent that Sam, an American citizen, would have paid on his home in Houston in 2015 had he not owned that home
b. the rent that Jim, an American citizen, paid on his apartment in San Francisco in 2015
c. the value of the legal services provided by Juan, an attorney, and a Mexican citizen, who lived in San Antonio and practiced law there in 2015
d. All of the above would be included in U.S. GDP for 2015.

Answer 1

D) All of the above would be included in U.S. GDP for 2015.

Step-by-step explanation:

GDP measures total expenditures/income/production in a given country, in a year. All the transactions described in the question ocurred in the United States.:

• Sam and Jim are american citizens and payed rents for property located in american cities.
• Juan is a mexican citizen but he practiced law in the United States, and recevied income in the United States.