Asked by
Yesenia Hernandez
on Oct 13, 2024
Verified
Which of the following is an intermediate good or service?
A) A paint gun purchased by Handy Andy
B) A dozen boxes of Girl Scout cookies purchased by your instructor
C) A computer purchased by a farmer in Smallville,Kansas
D) Glue purchased by McGraw-Hill to bind your textbook
Intermediate Good
A product used to produce a final good or finished product, also known as a semi-finished product.
- Distinguish between intermediate goods and final goods in the context of GDP calculation.
Verified Answer
ST
Learning Objectives
- Distinguish between intermediate goods and final goods in the context of GDP calculation.