Q019) This year a real estate agent helped you buy a house for $200,000, which was originally built in 1985. The agent's commission was $12,000. How will this transaction affect this year's GDP? a. Investment expenditures will increase by $ 212,000. b. Investment expenditures will increase by $12,000. c. Consumption expenditures will increase by $12, 000. d. Consumption expenditures will increase by $212,000.
Q019) This year a real estate agent helped you buy a house for $200,000, which was originally built in 1985. The agent's commission was $12,000. How will this transaction affect this year's GDP? a. Investment expenditures will increase by $ 212,000. b. Investment expenditures will increase by $12,000. c. Consumption expenditures will increase by $12, 000. d. Consumption expenditures will increase by $212,000.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
am. 69.
![Q019) This year a real estate agent helped you buy a house for $200,000, which
was originally built in 1985. The agent's commission was $12,000. How will this
transaction affect this year's GDP? a. Investment expenditures will increase by $
212,000. b. Investment expenditures will increase by $12,000. c. Consumption
expenditures will increase by $12,000. d. Consumption expenditures will
increase by $212,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0be07022-d522-4c99-9e02-c2bc9f5bd63c%2F5bcc38d2-6734-43ff-9338-582e5143f484%2Fxz2jfab_processed.png&w=3840&q=75)
Transcribed Image Text:Q019) This year a real estate agent helped you buy a house for $200,000, which
was originally built in 1985. The agent's commission was $12,000. How will this
transaction affect this year's GDP? a. Investment expenditures will increase by $
212,000. b. Investment expenditures will increase by $12,000. c. Consumption
expenditures will increase by $12,000. d. Consumption expenditures will
increase by $212,000.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education