Question

define intermediate consumption ​

Answer 1

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The value of goods and services that have been transformed or fully consumed during the production process. The wear of fixed assets is not taken into account; it is recorded in fixed-capital consumption.

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Answer 2

Answer:

Intermediate consumption is an economic concept used in national accounts, such as the United Nations System of National Accounts, the US National Income and Product Accounts and the European System of Accounts.