Richard (a Zimbabwean) builds a house in South Africa during 2019 and sells it the same year. When GDP is calculated in South Africa for 2019, which of the following will not be true? OA. The value of the sale is included in the income method for calculating GDP. OB. The value of the sale is included in the value-added method for calculating GDP. OC. The value of the sale is included in the income method for calculating GNP, OD. The value of the sale is included in the expenditure method for calculating GDP.
Richard (a Zimbabwean) builds a house in South Africa during 2019 and sells it the same year. When GDP is calculated in South Africa for 2019, which of the following will not be true? OA. The value of the sale is included in the income method for calculating GDP. OB. The value of the sale is included in the value-added method for calculating GDP. OC. The value of the sale is included in the income method for calculating GNP, OD. The value of the sale is included in the expenditure method for calculating GDP.
Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Measuring A Nation's Income
Section: Chapter Questions
Problem 9PA
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