How Is the Value of Housing Services Included in GDP

question 110

Multiple Choice

How is the value of housing services included in GDP?

• A) It is valued as the annual depreciation of the house.
• B) It is valued as the mortgage payment made on the house.
• C) It uses the purchase price of the house in the year it is sold.
• D) It is based on an estimate of its rental value.

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Definitions:

Common Fibular Nerve

A nerve in the lower leg responsible for controlling the muscles involved in foot eversion and toe dorsiflexion.

Spinal Nerves

Nerves that emerge from the spinal cord and branch out to the body, conveying motor, sensory, and autonomic signals between the spinal cord and the body.

Radial Nerve

A nerve in the arm that supplies motor and sensory functions to parts of the arm and hand.

Triceps Brachii

A significant muscle located in the upper arm that facilitates the elbow's extension.