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Suppose in 2018, you purchase a house built in 2003. Which of the following would be included in the gross domestic product for 2018? Select one: a. the value of the house in 2018 b. the value of the house
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Suppose in 2018, you purchase a house built in 2003. Which of the following would be included in the gross domestic product for 2018? Select one: a. the value of the house in 2018 b. the value of the house in 2003 c. the value of the house in 2018 minus depreciation d. the value of the services of the real estate agent

User Dimassony
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Answer:

d. the value of the services of the real estate agent

Step-by-step explanation:

The value of real estate such as houses and lands are not considered in GDP calculations but their services such as the services of real estate agents and realtors are considered.

User Dubemike
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