Asked by Allyson Morgan on Jun 07, 2024
Verified
Intermediate products are
A) goods that are purchased by the government.
B) goods that are transferred to the states.
C) products produced by the federal government but consumed by the states.
D) products produced by business firms for resale to other firms for further processing before sold to the final consumer of the product.
Intermediate Products
Goods that are used as inputs in the production of other goods, including raw materials, unfinished goods, and semi-finished goods.
- Distinguish between end products and intermediary goods and their functions in the computation of Gross Domestic Product.
Verified Answer
JA
Jennifer Alicia HernandezJun 11, 2024
Final Answer :
D
Explanation :
Intermediate products are goods produced by one company for resale to another company for further processing, rather than being sold directly to consumers. These products are used as inputs in the production process of other goods and are not sold to final consumers.
Learning Objectives
- Distinguish between end products and intermediary goods and their functions in the computation of Gross Domestic Product.