Question

Distinguish between Final Goods and Intermediate oods.

Answer 1

Answer:

> Intermediate goods:

1.- lntermediate goods are the goods which are used for the manufacturing of the final goods.

2.- lt does not include GDP for preventing the generating problem in the future.

3- For example- wood is the intermediate good for making furniture ,doors and etc.

> Final goods:

1.- Final goods are the goods which are used for the purpose of final consumption.

2.- lt includes GDP.

3.- For example furniture ,doors and etc.

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