New Home Construction Is Included in the Consumption Component of GDP

question 120

True/False

New home construction is included in the consumption component of GDP.

---

Definitions:

Set Apart

means to distinguish oneself or something as different and superior in comparison to others.

Competition

The rivalry between businesses or individuals for market share, customers, or resources.

Competitive Advantage

refers to attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand reputation, and customer service.

Sustainable

Pertaining to practices or methods that do not deplete resources or harm the environment, ensuring long-term ecological balance.