Suppose an Apartment Complex Converts to a Condominium (I

question 19

Multiple Choice

Suppose an apartment complex converts to a condominium (i.e., the renters become owners of their apartments) . What is included in GDP?

• A) The rent was included in GDP; the purchases of the condominiums are not included.
• B) The rent was included in GDP, and so is the purchase of the condominiums.
• C) The rent was not included in GDP; the purchases of the condominiums are included.
• D) The rent was not included in GDP; the purchases are not included either.

---

Definitions:

Ethnic Minorities

Groups within a community who have different national or cultural traditions from the main population, often with a history of less power or representation.

Reliability

The degree to which an assessment tool produces stable and consistent results across multiple administrations under similar conditions.

Validity

The quality of being logically or factually sound; the degree to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Personality Assessment

The use of standardized tests and tools to evaluate an individual's character, temperament, and personality traits.