1. Why is the purchasing of new housing included in the investment component of GDP rather than...

Question:

1. Why is the purchasing of new housing included in the investment component of GDP rather than the consumption component?
2. Also any reason why household purchases of new cars should be included in investment rather than in consumption?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Cost Accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

Question Posted: