Question

An economy's output, in essence, is also equal to its income because producers sell all of the goods that they produce to consumers. The value of everything that is produced is also the value of everything sold. Consumers purchase all of the goods that are produced. It is required by law that this be so.

Answer 1

Explanation:

What Is an Intermediate Good?

An intermediate good is a product used to produce a final good or finished product—also referred to as a consumer good. Intermediate goods—like salt—can also be finished products, since it is consumed directly by consumers and used by producers to manufacture other food products.

Intermediate goods are sold between industries for resale or the production of other goods. These goods are also called semi-finished products because they are used as inputs to become part of the finished product.

Answer 2

Answer:

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