Question

Intermediate good is a product sold by one firm to another for

Answer 1

Intermediate goods are used in the production process to produce a final good or finished product. Industries sell intermediate goods to one another for resale or to produce other goods. When calculating GDP, economists use the value-added approach with intermediate goods to ensure they are not double counted.

Answer 2

Answer:

Intermediate goods are used in the production process to produce a final good or finished product. Industries sell intermediate goods to one another for resale or to produce other goods. When calculating GDP, economists use the value-added approach with intermediate goods to ensure they are not double counted.