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Exhibit 3-6
-Refer to Exhibit 3-6.If an increase in income causes the demand for good X to shift from D? to D?,then good X is
Intermediate Goods
Products that are used as inputs in the production of other goods or services rather than being bought by consumers.
Final Output
The total value of all goods and services produced and sold for final use in the economy, avoiding duplication by excluding intermediate goods.
Durable Goods
Items with a long life span, such as appliances and automobiles, that are used over time rather than consumed quickly.
Intermediate Good
A product utilized in the manufacture of a final good or finished product, not sold directly to end consumers.
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