Consider an apartment complex that converts to a condominium.As a result, the renters become owners of their apartments. What is included in GDP?

Select one:

a.The rent was not included in GDP; the purchases are not included either.

b.The rent was not included in GDP; the purchases of the condominiums are included.

c.The rent was included in GDP, and so is the purchase of the condominiums.

d.The rent was included in GDP; the purchases of the condominiums are not included.