In the national income accounts, the purchase of a new house counts as
A) a transfer.
B) consumption expenditure.
C) investment.
D) an addition to inventory.
Correct Answer:
Verified
Q80: All of the following are components of
Q81: An example of ʺinvestmentʺ in computing real
Q82: Consumption expenditure is the payment by households
Q82: Let C represent consumption expenditure, S saving,
Q83: The largest component of GDP is
A) personal
Q84: Gross private domestic investment is all purchases
Q87: Which of the following are examples of
Q88: Personal consumption expenditures include all of the
Q89: Which of the following items is not
Q90: The difference between gross investment and net
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