Which of the Following Would Most Likely Be Considered a Shopping

question 49

Short Answer

Which of the following would most likely be considered a shopping good?
A package of chewing gum
A Bic pen
A ream of typing paper
A birthday gift for your mother
A loaf of bread

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Definitions:

Intermediate Good

A product used to produce a final good or finished product.

Gross Domestic Product

The total market value of all final goods and services produced within a country in a given period of time, typically annually.

Inventories

Raw materials, work-in-progress goods, and completely finished products that companies hold to facilitate business operations.

Intermediate Goods

Products that are used as inputs in the production of other goods or services rather than being bought by consumers.