Residential construction (new houses and apartments) are included in which component of GDP?
A)government purchases
B)retail spending
C)investment spending
D)net exports

Question

Residential construction (new houses and apartments) are included in which component of GDP?
A)government purchases 
B)retail spending 
C)investment spending 
D)net exports

Quizplus · Accepted Answer

Residential construction counts as investment spending, which is one of the four components of GDP (the others being government purchases, retail spending, and net exports).

Residential Construction (New Houses and Apartments) Are Included in Which