Business, 20.12.2019 03:31 cecilf57p2rpuf

Tom and lilly rented a house for $12,000 last year. at the start of the year they bought the house they had been renting directly from the owner for $250,000. they believe they could rent it for $12,000 this year, but stay in the house. how much does tom and lilly’s decision to buy the house change gdp? a. it reduces gdp by $12,000 b. it raises gdp by $250,000 c. it does not change gdp d. it raises gdp by $238,000

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Tom and lilly rented a house for $12,000 last year. at the start of the year they bought the house t...