Asked by
stefanie barbulescu
on Oct 13, 2024
Verified
Which of the following is a final good or service?
A) Wood pulp purchased by a paper company
B) A box of brownies purchased by your instructor
C) A computer chip purchased by Banana Computers
D) Potatoes purchased by a potato chip company
Final Good
A product or service that is consumed by the end-user and does not require further processing or manufacturing.
Wood Pulp
The raw material used in the production of paper, made by chemically or mechanically processing wood fibers.
- Differentiate between intermediate and final goods within the framework of Gross Domestic Product computation.
Verified Answer
VS
Learning Objectives
- Differentiate between intermediate and final goods within the framework of Gross Domestic Product computation.