Economists refer to the purchase of a new home as
A)fixed structure investment.
B)residential consumption.
C)building investment.
D)inventory investment.
E)residential investment.

Question

Quizplus · Accepted Answer

Economists refer to the purchase of a new home as residential investment because it involves buying a property for the purpose of living in it or renting it out, which is considered an investment in housing.

Economists Refer to the Purchase of a New Home as