In 2016, suppose a real estate agent sells a second-hand apartment (build in 1990) for 250,000. The estate agent charges commission of 1% of the sale price. How does this sale affect 2016 GDP?
In 2016, suppose a real estate agent sells a second-hand apartment (build in 1990) for 250,000. The estate agent charges commission of 1% of the sale price. How does this sale affect 2016 GDP?
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 5SQP
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In 2016, suppose a real estate agent sells a second-hand apartment (build in 1990) for 250,000. The estate agent charges commission of 1% of the sale price. How does this sale affect 2016 GDP?
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