首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the flo
The housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the flo
admin
2013-01-22
79
问题
The housing market has been for two years propping up consumers’ spirits while the rest of the economy lies exhausted on the floor, still trying to struggle to its feet. According to the National Association of Realtors, the national median existing-home price ended the year at $ 164, 000, up 7.1 percent from 2001. That’s the strongest annual increase since 1980.
Although residential real estate activity makes up less than 8% of total U. S. GDP, a housing market like this one can make the difference between positive and negative growth. Most significantly, consumer spending is 66% of GDP, and the purchase of a new home tends to have an "umbrella effect" on the homeowner’s spending as he has to stock it with a washer/dryer, a new big-screen TV, and maybe a swing set for the yard.
The main factor in housing’s continued strength is a classic economic example of zero-sum boom: the persistent weakness everywhere else. As the 2003 recovery continues to be more forecast than reality. Falling stock prices raised investor appeal for U. S. Treasury Bonds, which in turn, allowed most interest rates to drift even lower. But there are not many signs that there’s a bubble ready to burst.
December’s new record in housing starts, for example, was nicely matched by the new record in new home sales. If you build it, they will buy and even if an economic pickup starts to reduce housing’s relative attractiveness, there’s no reason why modest economic growth and improved consumer mood can’t help sustaining housing’s strength. "The momentum gained from low mortgage interest rates will carry strong home sales into 2003, with an improving economy offsetting modestly higher mortgage interest rates as the year progresses," said David Lereah, chief economist at the National Association of Realtors.
Just as housing has taken up much of the economic slack for the past two years, both as a comforting investment for fretting consumers and a driver of consumer spending itself, a big bump elsewhere in the economy in 2003 could be housing’s downfall. If stocks roar back this spring, capital inflows could steal from the bond market, pushing up long-term interest rates. or Alan Greenspan and the Fed could do the same to short-term rates, as a way to hit the brakes on a recovery that is heating up too fast. In other words, if everything possible goes wrong for housing, homeowners should have plenty to compensate them in terms of job security and income hikes.
The author draws a contrast between the housing market and the rest of the economy to show______
选项
A、the role of real estate activity.
B、the statistics on home prices.
C、the boom of housing market.
D、the degree of consumer spirits.
答案
C
解析
题干问:“作者区分房产市场和经济的其他领域是为了说明……”。此题考察文章的背景主题部分,在第1自然段作者直接提出当房地产市场一直保持其强劲的势头时,经济的其他领域却在衰退,并且作者接着在第2自然段讲述了房地产市场的繁荣,因此选项C“房产市场的繁荣”为正确选项。而选项A“房地产活动的重要作用”,选项B“房价的统计数据”和选项D“消费者情绪高涨的程度”都不是作者区分房地产和经济的其他领域的目的。
转载请注明原文地址:https://www.kaotiyun.com/show/jz1O777K
0
考博英语
相关试题推荐
Thirty-onemillionAmericansareover60yearsofage,andtwenty-ninemillionofthemarehealthy,busy,productivecitizens.B
ThebureaudevelopsandimplementsUSforeigneconomicpolicyandtriesto______America’seconomicinterestswithitsforeignp
Interracialmarriagesandrelationshipshavebecomeincreasinglyacceptedandencouragedbysociety.Sincethe1967legalization
Theearthiswitnessinganurbanrevolution,aspeopleworldwidecrowdintotownsandcities.In1800onlyfivepercentofthew
Thebillwouldestablishprotectionagainstcriminalandcivilpenaltiesfortheimproper____ofprotectedpatientinformation.
Thewaypeopleholdtothebeliefthatafun-filled,painfreelifeequalshappinessactuallyreducestheirchancesofeverattai
Thewaypeopleholdtothebeliefthatafun-filled,painfreelifeequalshappinessactuallyreducestheirchancesofeverattai
Nogreatscientisteverwantshispupilstobemeregramophonerecordsfaithfullyreproducinghisremarks,neverquestioningany
Directions:Inthispartyouarerequiredtowriteacompositionentitled.MyViewonTerroristExplosioninSomeCountriesinno
随机试题
(2018年4月第30题;2016年4月第28题)环境引力大、企业实力大构成的战略经营领域(SBA)被称为“问题”SBA。()
我国规定,法定节日加班工资应不低于工资的()
最常见的颅内肿瘤是()。
甲公司是一家制造业上市公司。目前甲公司股票每股45元。预计股价未来增长率8%;长期借款合同中保护性条款约定甲公司长期资本负债率不可高于50%、利息保障倍数不可低于5倍。为占领市场并优化资本结构,甲公司拟于2019年末发行附认股权证债券筹资20000万元。为
关于商业银行的贷款业务,下列说法正确的是()。
园林工人在移栽树苗时,其根部总是带有一个大的“土坨”,有关解释不合理的是()。
赵某与钱某原本是好友,赵某受钱某之托,为钱某保管一幅名画(价值800万元)达3年之久。某日,钱某来赵某家取画时,赵某要求钱某支付10万元保管费,钱某不同意。赵某突然起了杀意,为使名画不被钱某取回进而据为己有,用花瓶猛砸钱某的头部,钱某头部受重伤后昏倒,不省
Assoonashefinished,hissupportersapplauded______,butmostofthemassesweretakenabackandexchangeddoubtfulglances.(
LANscanbeconnectedbyusingbridges,whichoperateinthe
Whyaremothersfedupwiththeirjobs?
最新回复
(
0
)