Question

2 macro economics difference between final goods and intermediate good

Answer 1

Heya...

√ Final goods

-- These are the goods which are ready to the use by final users...

-- They have crossed the boundary line of production and value is not be added again..

-- These are count in the estimation of National income ...

√ Intermidiate goods

-- These are not ready to the final use

-- They aren't crossed the line of production and more value will be added ..

-- Not counted in national income ..

Thank you

Answer 2

ĀNSWĒR ⏬⏬

⭐FINAL GOODS ▶▶


✨The goods which are used either for final consumption or for capital formation. 

✨ The value of final I goods is included in the national income. 

✨ These goods are outside the boundary line of production process.

✨Example, television, bread or bakery products, etc. 




⭐ INTERMEDIATE GOODS ▶


✨ The goods which are used up in producing the final goods and services. 


✨The value of intermediate goods is not included in the national income. 


✨ These goods are within the boundary line of production process.



✨Example, flour, cotton, etc. 



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