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... ANSWER: d counted and is based on an estimate of its rental value TYPE: M DIFFICULTY: 2 SECTION: 10.2 23 Suppose that an apartment complex converts to a condominium where the renters are now owners of their former apartments... the 2003 payment is included in 2003 GDP as government purchases, but the 2004 payment is not included in 2004 GDP TYPE: TF DIFFICULTY: 2 SECTION: 23. 3 93 To encourage formation of small businesses, the government could provide subsidies; these subsidies would... positive and about 10 percent the size of GDP ANSWER: b negative and about 3 percent the size of GDP TYPE: TF DIFFICULTY: 2 SECTION: 23. 3 107 In 2001, U.S. investment was about a 4 percent of GDP b 8 percent of GDP c 12 percent of GDP
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