How Is the Value of Housing Services Included in GDP

question 141

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 is based on the purchase price of the house in the year it is sold. 
• D) It is based on an estimate of rental value.

Know how different tools and methods can be utilized in employee selection.

Realize the importance of employee orientation in reducing turnover.

Understand the principles of determining wage rates and the importance of rewarding employees appropriately.

Recognize the significance of clear disclaimers in employee handbooks to avoid misconceptions about employment contracts.

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Definitions:

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, which carry genetic information.

Sex Characteristics

Physical or physiological traits differentiating the biological sexes, including primary characteristics such as reproductive organs and secondary characteristics such as voice depth and body hair distribution.

Primary Sex Characteristics

The physical features directly involved in human reproduction, such as the ovaries, testes, and genitalia.

Alfred Kinsey

A pioneering American biologist and sexologist who is known for his research on human sexuality and the Kinsey Reports.