Difference between final good and intermediate good

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Reference no: EM131244319

1. The difference between a final good and an intermediate good is that:

A. an intermediate good is sold for use as a component in a final good.

B. intermediate goods are of lower quality than final goods.

C. final goods are not counted as part of GDP

D. a final good is sold for use as a component of an intermediate good

2. Gross domestic product is the market value of all:

A. goods and services produced within a country in a year.

B. goods and services sold within a country in a year.

C. final goods and services produced within a country in a year.

D. final goods and services produced by a country's permanent residents, wherever located, in a year.

Reference no: EM131244319

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