" The 2015 sale affected neither 2007 GDP nor 2015 GDP " this statement is correct regarding the sale of the house.
Explanation:
The residents ' wages would boost the housing demand, but also will raise people's infrastructure demand. There was a misunderstanding. To order to stimulate investment demands, GDP growth impacts housing rates and credit, and thus affects domestic prices.
Inside GDP, buying a new house represents an investment; the house's ownership is viewed as a productive activity; and the house's economy is ostensibly carried on by a contract from the house to the resident.
As early as 2018, housing spending amounted to around $2.6 trillion and constituted 11.6% of GDP. In 2018, gross household spending accounted for nearly 15% of GDP.
