Q. 36. Two statements are given in the question below as Assertion (A) and Reasoning (R). Read the statements and choose the appropriate option
Assertion (A): Intermediate goods are used up in producing final goods and services.
Reason (R): The value of final goods already includes the value of all the intermediate goods that are used in making the final good. (A) Both A and R are true, and R is the correct explanation of A.
(B) Both A and R are true, but R is not the correct explanation of A.
(C) A is true but R is false.
(D) A is false but R is true.
Answers
Answer:
B is correct ans
Explanation:
as the reason is telling about value and there it's
not asked why final goods are used to calculate per capita income
The correct answer for the given statement is that Both Assertion(A) and Reason(R) are true but R is not the correct explannation of A.
What are Intermediate Goods?
Those goods which are in the processing stage of production are known as Intermediate Goods. They are made up of raw materials and then in middle stage to achieve all the finalisation.
For example, if a Baker buys Baking Soda, it is considered as the intermediate goods as it is used as an ingredients in the making of cake by him.
What are Final Goods?
Final Goods are those goods which are reached the last level of production and ready to serve to the consumers. they are considered as the finished item. The final goods are used for consumption or for investment.
For example, If a consumer buys salt for its own consumption, he uses it as Final good.
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