UK GDP would exclude which of the following ?
Correct answer: C. Copper purchased by tap manufacturer Bristan
- A. Lawyer services purchased by a home buyer
- B. The purchase of a new Nissan produced in Sunderland
- C. Copper purchased by tap manufacturer Bristan
- D. A new art gallery purchased by the city of Newcastle
- E. Lawn care services purchased by a home owner.
Explanation
Copper bought by Bristan is an intermediate input, so counting its value separately would double-count its contribution when the final tap is sold. The other options represent final goods or services produced within the UK economy.
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