What Is Meant by a Final Good or Service as Opposed

question 118

Essay

What is meant by a final good or service as opposed to an intermediate good or service? Why are only final goods and services included in the calculation of GDP?

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Definitions:

Training Plan

A systematic approach outlining the objectives, methods, materials, and assessments used to guide the training process.

Training Materials

Resources prepared and used for the purpose of instructing and guiding the learning process during training sessions.

Instructional Design

The practice of creating educational and training programs in a consistent and reliable fashion to improve learning and performance.

Training Objectives

Specific goals that describe what learners should know or be able to do as a result of a training program.