Which of the Following Statements Regarding Housing Expenditures in the National

question 75

Multiple Choice

Which of the following statements regarding housing expenditures in the national accounts is correct?

• A)Owner-occupied housing is counted as investment by imputing the value of the housing services enjoyed by the owner.
• B)Rental payments for houses are counted as part of consumption.
• C)The provision of new public housing by the government is classified as private investment.
• D)New residential construction is classified as consumption.
• E)The cost of a home purchased from its previous occupant is part of investment.

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Definitions:

International Flavours

A reference to the variety and diversity of tastes and cuisines found around the world, often brought forth by globalization and cultural exchanges.

Gender Subcultures

Groups within a larger culture distinguished by their own unique behaviors, norms, and practices related to gender identity and roles.

Divisional Subcultures

The distinct cultural patterns and behaviors that emerge within the separate divisions or units of a large organization.

National Subcultures

Distinct cultural groups within a larger national framework, characterized by unique customs, traditions, and values.