Question

Q1) Highlight any three differences between intermediate goods and final
goods?

Q2)Highlight any three differences between intermediate goods and final goods?


Very urgent! May God Bless you! :)

Answer 1

#))FINAL GOODS

@))INTERMEDIATE GOODS

#))USED FOR FINAL CONSUMPTION

@))NOT USED FOR FINAL CONSUMPTION

#))READY FOR USE BY FINAL USERS

@))NOT READY FOR USE BY FINAL USERS

#))MADE USING INTERMEDIATE GOODS

@))USED AS RAW MATERIAL FOR PRODUCTION OF FINAL GOODS

#))THEY ARE FINISHED GOODS

@))UNFINISHED GOODS

#))MEANT FOR INVESTMENTS BY FIRMS

@))MEANT FOR RESALE

#))VALUE OF FINAL GOODS ARE CALCULATED FOR GDP


@))NOT CALCULATED AS VALUE OF FINAL GOODS ALREADY INCLUDES THE VALUE OF INTERMEDIATE GOODS

#))EG: BISCUITS ARE FINAL GOODS

@))EG: FLOUR, MILK, SUGAR USED IN MAKING BISCUITS ARE INTERMEDIATE GOODS