Question

Suppose you were hired to calculate the Gross Domestic Product (GDP) by using the expenditure approach. You would count buying a new house as _____.

Answer 1

You would count buying a new house as an investment.

Supposedly, overtime, the price of the house, if well-maintained and kept-up-to-date, the price would increase, leading to higher-values, and a bigger GDP when used in the market.

hope this helps