New residential housing is counted in GDP as
A) a durable consumption good.
B) a household durable good.
C) an investment good.
D) an inventory expansion.
E) a long-term durable good.

Question

Quizplus · Accepted Answer

New residential housing is considered an investment good as it contributes to the economy's capital stock and can generate income through rent, lease, or sale. It is not considered a durable consumption good because it is not consumed as a final good for immediate satisfaction, nor is it a household durable good as it is not owned by households for personal use. It is also not an inventory expansion or a long-term durable good.

New Residential Housing Is Counted in GDP as