The value of the bricks purchased by a contractor to build a fireplace in a new home

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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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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 12:02 AM

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Introduction To Economics Social Issues And Economic Thinking

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