An Intermediate Good Is

question 58

Multiple Choice

An intermediate good is

• A)always counted when measuring GDP because it doesn't represent time spent in production of a final good or service.
• B)a good whose value is of neither a high grade nor a low grade.
• C)a good that is sold to the government and then redistributed to the poor.
• D)any good that is resold by its purchaser rather than used as is.

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Definitions:

Animal

An organism that consumes organic material, generally equipped with specialized sensory organs and a nervous system, enabling it to quickly react to environmental cues.

Referent

An object, concept, or entity to which a word, term, or symbol refers.

Abstract

A summary of a document's content.

Classification

The arrangement or categorization of items into groups or classes based on shared qualities or characteristics.