Which of the Following Is an Example of an Intermediate

question 81

Multiple Choice

Which of the following is an example of an intermediate product?

• A)A pair of skis sold by a sporting goods retailer to a skier
• B)A share of IBM stock
• C)The lumber produced by Boise Cascade and sold to a builder of old houses
• D)An antique car sold to the highest bidder

---

Definitions:

High Inflation

A situation where the general price level in an economy is increasing rapidly over a short period.

Consumer Price Index

An index that measures the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Inflation

is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Savings

Savings refer to the portion of income that is not spent on consumption but is set aside for future use, often in a bank account or other investment vehicle.