Consider the following cases: I. Rosy buys a 50-year-old house for her family in this year. II. This year, Cathy builds a new house for herself. The total investment in the economy in this context is ________.
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IIT JAM 2025 Question 19: National income accounting
Answer and worked solution
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on What counts in GDP, part of National income accounting in Macroeconomics.
The boundary of GDP: which transactions and goods are counted and which are not.
TestStop has 18 past-paper questions on this subtopic; the nearest in year are below.
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