Economy, asked by varishaabrar67, 6 months ago

Explain the importance of distinction between the final goods and intermediate goods in National Income

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Answered by Anonymous

(i) The goods which are used either for final consumption or for capital formation. (ii) The value of final I goods is included in the national income. ... (i) The goods which are used up in producing the final goods and services. (ii) The value of intermediate goods is not included in the national income.

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