asked 65.9k views
1 vote
Suppose you were hired to calculate the Gross Domestic Product (GDP) by using the expenditure approach. You would count buying a new house as _____.

net exports
consumption
investment

2 Answers

4 votes

investment is the correct answer thanks


answered
User Hackose
by
8.3k points
4 votes
Suppose you were hired to calculate the Gross Domestic Product (GDP) by using the expenditure approach. You would count buying a new house as investment.
Investment is one of the items to consider to determine GDP by expenditure approach which includes residential construction, since residential buildings can be rented out, even if they are occupied by owners.

answered
User Majeda
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories