1. Why is the purchasing of new housing included in the investment component of GDP rather than...

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1. Why is the purchasing of new housing included in the investment component of GDP rather than the consumption component?
2. Also any reason why household purchases of new cars should be included in investment rather than in consumption?

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Principles Of Cost Accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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Question Posted: Dec 29, 2017 12:37 AM

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1. Why is the purchasing of new housing included in the investment component of GDP rather than...

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1 New housing is long term investment and adds to the assets of the nat...View the full answer

Principles Of Cost Accounting

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