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Because of the COVID-19 pandemic, several governments are enforcing social-distancing rules that brought the real estate market to a standstill. For instance, in Toronto, sale
Because of the COVID-19 pandemic, several governments are enforcing social-distancing rules that brought the real estate market to a standstill. For instance, in Toronto, sale of existing (old) and newly built homes were down by approximately 40% in April. Discuss how we account for this drop in sales in GDP calculation.
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