Examlex
Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Federal Reserve Board
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.
Local Nursery
A place or business that specializes in growing and selling plants and trees for gardening and landscaping within a local area.
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