Increased Demand for New Homes Due to Low Interest Rates

question 177

Multiple Choice

Increased demand for new homes due to low interest rates is an example of the impact of the ___________ environment.

• A) technological
• B) cultural
• C) competitive
• D) economic
• E) social

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Definitions:

GDP

Sum total of the monetary or market valuation of all end-stage goods and services manufactured within a nation's boundaries during a predetermined period is known as the Gross Domestic Product.

IBM

A multinational technology and consulting company known for its hardware, software, and services in computing.

Corporation

A legal entity separated from its owners, providing limited liability protection, and capable of owning property, entering contracts, and being sued.

Islamic Middle East

A region predominantly influenced by Islamic culture, history, and religious practices, spanning countries in the Middle East where Islam is a major social and political force.