Suppose That an Apartment Complex Converts to a Condominium Where

question 9

Multiple Choice

Suppose that an apartment complex converts to a condominium where the renters are now owners of their former apartments. What is included in GDP?

• A)The rent was included in GDP; the purchases of the condominiums are not.
• 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.
• D)The rent was not included in GDP; the purchases are not included either.

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