Asked by
ieyra bulkia
on Nov 16, 2024
Verified
U.S. GDP includes the market value of rental housing, but not the market value of owner-occupied housing services.
Owner-Occupied Housing
Residential properties that are owned and occupied by the homeowner as opposed to being rented out.
Rental Housing
Housing accommodations where occupants pay a regular fee (rent) to use the property of another party for a specified period of time.
- Understand the components and calculations included in GDP.
- Identify what is included and excluded in the computation of GDP.
Verified Answer
IW
Learning Objectives
- Understand the components and calculations included in GDP.
- Identify what is included and excluded in the computation of GDP.
Related questions
If the US Government Reports That GDP in the Third ...
Disposable Personal Income Is the Income That Households and Noncorporate ...
U.S. GDP Excludes the Production of Most Illegal Goods
Both the Value of Hamburgers Sold by a Restaurant and ...
If a Good Produced This Quarter Goes into Inventory, Then ...