Ryan Lives in an Apartment Where He Pays $7,000 a Year

question 95

Multiple Choice

Ryan lives in an apartment where he pays $7,000 a year in rent.Sarah lives in a house that could be rented for $21,000 a year.How much do these housing services contribute to GDP?

• A)$21,000
• B)$28,000
• C)$7,000
• D)$14,000

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Definitions:

Financial Assistance

Various forms of monetary aid provided to individuals or organizations in need, including loans, grants, subsidies, or welfare benefits.

Authoritarian Governments

Political systems characterized by a high degree of centralization of power, with little political freedom for individuals.

Egalitarian Governments

A system of government based on the principle of equal rights and opportunities for all citizens.

Stable Political Conditions

A situation where a country's political system and government policies are predictable, providing a conducive environment for economic growth and social welfare.