US GDP Includes the Market Value of Rental Housing, but Not

question 65

True/False

U.S. GDP includes the market value of rental housing, but not the market value of owner-occupied housing services.

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Definitions:

Trade Barriers

Measures imposed by governments to regulate or limit international trade, including tariffs, quotas, and import bans.

Economic Growth

An increase in a country's output of goods and services, typically measured by GDP, over time.

Hong Kong

A Special Administrative Region of China known for its vibrant economy, tall skyline, and deep natural harbor.

North American Free Trade Agreement

A trade agreement between Canada, Mexico, and the United States to reduce trade barriers and promote economic cooperation.