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:

Common Sense

A practical and basic level of understanding, reasoning, or knowledge that is easily understood and shared by nearly all people.

Monticello

The estate and architectural masterpiece designed by Thomas Jefferson, third President of the United States, located in Virginia.

Palladio's Villa Rotonda

A Renaissance villa designed by the architect Andrea Palladio, noted for its symmetrical plan, classical columns, and domed center.

Soufflot's Panthéon

A neoclassical monument in Paris, France, designed by architect Jacques-Germain Soufflot as a church dedicated to St. Genevieve, now serving as a mausoleum for notable French figures.