Where do new-home sales appear in the circular flow of expenditure and income? Explain how a surge

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Where do new-home sales appear in the circular flow of expenditure and income? Explain how a surge in new home sales affects real GDP.

Purchases of new U.S. homes surged in December and 2015 was the best year for housing since 2007. Existing-home sales also increased in the best year since 2006. The inventory of existing homes on the market was smaller than demand.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 04:34 AM

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Where do new-home sales appear in the circular flow of expenditure and income? Explain how a surge

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Foundations of Macroeconomics

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