Is the value of a house built in 2010 and resold in 2021 included in the GDP

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Is the value of a house built in 2010 and resold in 2021 included in the GDP of 2021? Briefly explain. Would the services of the real estate agent who helped sell (or buy) the house in 2021 be counted in GDP for 2021? Briefly explain.

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Oct 11, 2023 06:40 AM

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Is the value of a house built in 2010 and resold in 2021 included in the GDP

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The value of a house built in 2010 and resold in 2021 is not included in the Gross Domestic Product ...View the full answer

Economics

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