Question

The goods which are used up in producing the final goods and services​ are called. i want answer in fill in the blanks form

Answer 1

Answer:

raw material is the correct answer

Answer 2

Intermediate goods are used in producing final goods and services.

Intermediate goods are used to produce the final good (consumer goods). Intermediate good is semi-finished in nature. For example, wheat will be the intermediate good used to produce the final product of flour.

• Intermediate goods are sold between industries and industries. For the production of the final product, an intermediate good is used.
• The intermediate goods are partly finished in nature and can be used to sell directly as a single product or used to produce another finished good.
• While calculating a country's GDP the record of intermediate goods is not considered as it would lead to double-counting.

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