The Value of the Housing Service Provided to Individuals Who

question 22

Multiple Choice

The value of the housing service provided to individuals who live in housing they own themselves is included in GDP by:

• A)estimating the rental value of the housing
• B)using the monthly mortgage payment
• C)using the purchase price of the house
• D)none of the above.Because the value cannot be measured directly, it is excluded.

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Definitions:

Acquiring Firm

The company that purchases another company in a takeover or merger.

Acquired Firm

A company that has been purchased and absorbed by another entity.

Going-Private Transaction

A process in which a publicly traded company is transformed into a privately held entity, often through a buyout from private investors.

Bidding Firm

A company that proposes a financial offer in an attempt to acquire another company or win a contract.