Suppose you were hired to calculate the gross domestic product (gdp) by using the expenditure approach. you would count buying a new house as

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

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi