The value of the bricks purchased by a contractor to build a fireplace in a new home
Question:
The value of the bricks purchased by a contractor to build a fireplace in a new home is not counted in GDP because
a. Business spending of any type is excluded from GDP.
b. It would be double counting since the value of the home is already counted in GDP.
c. The price of the bricks would not be known to the contractor.
d. This is a purely financial transaction.
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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