What method is used to assess the gross domestic product in terms of real estate?

The Income Approach is the correct method for assessing the gross domestic product (GDP) in terms of real estate because it focuses on the income-generating potential of properties. This approach evaluates a property's value based primarily on the income it generates for investors, which is a fundamental aspect of understanding economic activity within the real estate sector.

In the context of GDP, the Income Approach reflects how property investment contributes to the overall economic output. By estimating the net income that a property can generate and then capitalizing that income to determine value, this approach aligns well with economic indicators like GDP, which measures the total production of goods and services in an economy.

The other methods, while relevant in real estate valuation, do not directly relate to assessing GDP. For instance, Comparative Market Analysis focuses on comparing similar properties to determine value but does not take income generation into account. The Cost Approach looks at the costs associated with constructing a property rather than its income potential, making it less applicable for GDP assessment. Similarly, Market Value Assessment aims to evaluate property based on current market conditions without specifically addressing income generation, which is crucial for evaluating economic contributions.