In Computing GDP, New Home Construction Adds to

question 24

Multiple Choice

In computing GDP, new home construction adds to

• A)consumption.
• B)investment.
• C)government spending.
• D)net exports.

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Definitions:

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Semimonthly

Two times a month.

Spreadsheet Formula

A mathematical expression used in a spreadsheet program to perform calculations, analyze data, or automate tasks.

Yearly Pension

The annual amount paid to a retired employee, typically funded by previous contributions from the employer and/or the employee.