The Purchase of a New House Is the One Form

question 25

Multiple Choice

The purchase of a new house is the one form of

• A)investment that is financed by private saving rather than public saving.
• B)household spending that is not counted as part of investment in the national income accounts.
• C)household spending that is investment rather than consumption.
• D)household spending that does not contribute to GDP.

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Definitions:

Complacency Trap

A situation where a person or organization becomes overly content with their achievements and stops striving for improvement or growth.

Rigidity

The quality of being unable to bend or be forced out of shape; applied to organizations, it often refers to the inflexibility in rules, procedures, and management.

Flexibility

The capacity to adapt to new, different, or changing requirements and conditions.

Tactical Planning

Short-term, detailed planning that focuses on achieving specific goals or objectives within a limited timeframe.