3. Wiry do you think households' purchases of new housing are included in the investment component of

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3. Wiry do you think households' purchases of new housing are included in the investment component of GDP rather than the consumption component? Can you think of a reason why households' purchases of new cars should also be included in investment rather than in consumption? To what other consumption goods might this logic apply?

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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