![](https://cos-cdn.shuashuati.com/pipixue-web/2020-1231-2005-12/ti_inject-812ce.png)
George lived in a home that was newly constructed in 2005 for which he paid $200,000. In 2008 he sold the house for $225,000. Which of the following statements is correct regarding the sale of the house?
A.
The 2008 sale increased 2008 GDP by $225,000 and had no effect on 2005 GDP
B.
The 2008 sale increased 2008 GDP by $25,000 and had no effect on 2005 GDP.
C.
The 2008 sale increased 2008 GDP by $225,000; furthermore, the 2008 sale caused 2005 GDP to be revised upward by $25,000.
D.
The 2008 sale affected neither 2008 GDP nor 2005 GDP.