The Patersons Bought a Home That Was Newly Constructed in 2007

question 259

Multiple Choice

The Patersons bought a home that was newly constructed in 2007 for $275,000. They sold the home in 2009 for $205,000. Which of the following statements is correct regarding the sale of the house?

• A)The 2009 sale increased 2009 GDP by $205,000 and had no effect on 2007 GDP.
• B)The 2009 sale reduced 2009 GDP by $70,000 and had no effect on 2007 GDP.
• C)The 2009 sale increased 2009 GDP by $205,000; and caused 2007 GDP to be revised downward by $70,000.
• D)The 2009 sale affected neither 2007 GDP nor 2009 GDP.

---

Definitions:

Mutual Concern

A shared sense of care or interest between two or more parties.

Therapeutic Touch

A form of alternative medicine involving energy therapy where practitioners claim to help or heal by manipulating a person's energy field.

Nonverbal Communication

The process of conveying a message without the use of words, through gestures, facial expressions, body language, and other forms of non-linguistic communication.

Threatening Place

An environment or location that feels hostile or potentially dangerous to an individual.