Suppose That an Apartment Complex Converts to a Condominium Where

question 96

Multiple Choice

Suppose that an apartment complex converts to a condominium where the renters are now owners of their former apartments. Suppose that an estimate of the value of the condominium owners' housing services is now the same as their former rent. What happens to GDP?

• A)GDP necessarily increases.
• B)GDP necessarily decreases.
• C)GDP is unaffected because neither the rent nor the estimate of the value of housing services is included in GDP.
• D)GDP is unaffected because previously rent was included in GDP, and now it is replaced by the estimate of the value of housing services.

---

Definitions:

Feature Control Frame

A border or structure in technical drawings that contains symbols and specifications to describe the geometric tolerances for controlling the form, orientation, location, and profile of a feature.

Profile Of A Line

A detailed description or measurement of the variation or deviations of a line from its nominal shape on a surface.

Tolerance Zone

An area defined by upper and lower limits in which a part feature's dimension or location must lie to be accepted during manufacturing.

Two Dimensional

Pertaining to or occurring on a plane, involving width and height but not depth, typically used in reference to shapes, designs, or drawings.