Explore BrainMass
Share

Explore BrainMass

    GDP

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Calculate the totals change in a year's GDP

    A family sells a home, without using a broker, for $150,000. They could have rented it on the open market for $700 per month. They buy a 10-year old condo for $200,000; the broker's fee on the transaction is 6% of the selling price. The condo owner was formerly renting the unit for $500 per month.

    © BrainMass Inc. brainmass.com October 9, 2019, 5:43 pm ad1c9bdddf
    https://brainmass.com/economics/applied-economics/65312

    Solution Summary

    The solution answers the question(s) below.

    $2.19