Question

which of the following is included in gdp? the market value of rental housing services, but not the market value of owner-occupied housing services neither the market value of owner-occupied housing services nor the market value of rental housing services both the market value of rental housing services and the market value of owner-occupied housing services the market value of owner-occupied housing services, but not the market value of rental housing services

Answer 1

GDP includes the market value of rental housing services, but not the market value of owner-occupied housing services.

Step-by-step explanation:

GDP includes production that is exchanged in the market, but it does not cover production that is not exchanged in the market. The market value of rental housing services is included in GDP, as it represents production that is exchanged in the market. However, the market value of owner-occupied housing services is not included in GDP, as it does not involve market exchange.

Answer 2

The option that is in GDP is c. both the market value of rental housing services and the market value of owner-occupied housing services.

What goes into GDP ?

Gross domestic product (GDP) is the total market value of all final goods and services produced in a country in a given period of time. This includes both goods and services that are purchased for consumption and goods and services that are purchased for investment.

The market value of rental housing services is included in GDP because it is a final good or service that is purchased for consumption. When a household rents an apartment, they are purchasing the right to use the apartment for a period of time. This transaction contributes to GDP because it represents a transfer of value from the landlord to the tenant.