Suppose in 2019 with the help of a real estate agent, you purchased a house built in 2003. Which of the following would be included in the GDP for 2019?A) the value of the house in 2019B) the value of the house in 2019 minus depreciationC) the value of the house in 2003D) the value of the services of the real estate agent
D) the value of the services of the real estate agent
Explanation:
Real estate are not included in the calculation of GDP. However, their related services such as the services of an agent is included in GDP calculation.
