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:

Wall Street Investors

refers to individuals or entities engaging in the purchase and sale of financial instruments such as stocks, bonds, and other securities within the financial markets based in the Wall Street area of New York City.

Homestead Act

A United States federal law passed in 1862 that allowed American adults to claim 160 acres of public land after living on and cultivating it for five years.

Southern Opposition

Resistance or dissent specific to the southern region of the United States, often in the context of historical events like the Civil War, civil rights movement, or political ideologies.

Secession

The act of withdrawing formally from membership in a federation or body, especially a political state; famously exemplified by the Southern states' secession from the United States, which precipitated the American Civil War.