1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vika [28.1K]
3 years ago
7

Suppose an apartment complex converts to a condominium, so that the former renters are now owners of their housing units. Suppos

e further that a current estimate of the value of the condominium owners' housing services is the same as the rent they previously paid. What happens to GDP as a result of this conversion?
Business
1 answer:
Lorico [155]3 years ago
6 0

Answer:

GDP is likely to remain same as a result of this conversion.

Explanation:

GDP is the total value of goods & services, produced by an economy, during a given year.

It can be calculated by 2 methods

  • By Expenditure method : GDP = Private Final Capital Expenditure + Govt. Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports
  • By Income method : NDP = Compensation of Employees + Operating Surplus (Rent + Profit + Income) + Mixed Income

Given case - Converting a rented apartment into a resident owned condominium , with value of housing services = rent formerly paid :

This brings no change in the GDP, as : The apartment 'rent' previously paid was included in 'operating surplus' of national income, by Income method. And, the equal condominium value is now included in investment addition i.e 'Gross domestic capital formation' , by Income method.

You might be interested in
Based on Jacobs (1954). The Carter Caterer Company must have the following number of clean napkins available at the beginning of
belka [17]
Do you still need help with this question?
8 0
3 years ago
You have the opportunity to opt into the brs because you are either an active component (ac) member who will have completed fewe
Softa [21]
..........who will have completed fewer than 12 YEARS OF SERVICE or a reserve component member who will have fewer than 4320 RETIREMENT POINTS as of December 31, 2017. This is part of the rules that regulated blended retirement system which prepares retirement funds for people in service.
5 0
3 years ago
During the past five years, the nation of Andolvia began a massive undertaking: teaching farmers how to successfully grow and ha
Nutka1998 [239]

Answer:

The correct answer is (D) Import quotas

Explanation:

Import quotas are part of economic policies imposed by a country to <u>protect domestic industries</u> from foreign competition. For this case, the nation of Andolvia placed a restriction on the supply of peanut products to be imported, as they have subsidized and made efforts for their local young peanut industry to grow and mature.

8 0
3 years ago
Green et al.​ (2005) estimate that the demand elasticity is minus0.47 and the​ long-run supply elasticity is 12.0 for almonds. T
Ronch [10]

Answer:

The numeric response for the question using real numbers rounded to one decimal​ place is given as below.

Explanation:

Tax incidence for almonds is (12 / (12 + 0.47)) = 0.96

for cotton (0.73 / (0.73 + 0.68)) = 0.52 and

for processing tomatoes is (0.64 / (0.64 + 0.26)) = 0.71

5 0
3 years ago
When marketers target future buyers with sampling, coupons, and rebates while using publicity to target all customers in a parti
Akimi4 [234]

They are exhibiting management of the promotion mix in marketing.

To achieve a specific marketing goal, a promotional mix is an amalgamation of advertising techniques such as advertising, sales, public relations, and direct marketing. Typically, the promotional mix is only one component of a larger marketing strategy. You may select a few strategies or determine that a combined effect of every one of them will be most impactful for your advertisement.

The promotional mix is comprised of four components. Direct marketing, brand management, personal sales, and ad campaigns are some of them.

A promotional mix is a component of the total marketing plan, which would be the basic fundamental model used by many enterprises.

Learn more about marketing here-

brainly.com/question/13414268

#SPJ4

4 0
2 years ago
Other questions:
  • Unlike advertising and sales promotion, personal selling can respond only to the questions and objections that the copywriter th
    13·1 answer
  • All of the following are examples of qualitative information that should be collected by the financial planner EXCEPT: a. Genera
    14·1 answer
  • The following cost data pertain to the operations of Rademaker Department Stores, Inc., for the month of March: Corporate headqu
    6·1 answer
  • Benton Company is preparing its annual profit plan. As part of its analysis of the cost of its purchasing activity, management e
    14·1 answer
  • Brandeis Corporation has two production Departments: P1 and P2 and two service departments: S1 and S2. Direct costs for each dep
    5·1 answer
  • Joseph has just accepted a job as a stockbroker. He estimates his gross pay each year for the next three years is $35,000 in yea
    13·1 answer
  • Lucia and Kenji need to decide which one of them will take time off from work to complete the rather urgent task of shearing the
    9·1 answer
  • e lottery winner who is going to invest in utility bonds and a savings account using the following data: Assume that her total w
    10·1 answer
  • Marketing strategies A) enable marketing managers to be satisfied just planning present activities. B) ensure that every opportu
    7·1 answer
  • Read the following descriptions and identify the type of risk or term being described:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!