Money spent on the purchase of a new house is included in the GDP as a part of

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Money spent on the purchase of a new house is considered a part of gross domestic private investment since it is an investment in a new capital asset that is expected to provide a stream of future benefits. It is not considered a part of household expenditures on durable goods or personal consumption expenditures, as these categories refer to the ongoing consumption of goods and services rather than investments in new assets. Additionally, it is not considered personal saving, which refers to income that is not spent on consumption or taxes.

Money Spent on the Purchase of a New House Is