Which of the Following Is a Final Good or Service

question 64

Multiple Choice

Which of the following is a final good or service?

• A)A new replacement muffler installed by Midas Mufflers.
• B)The CPUs purchased by Dell to be used in their computers.
• C)The fertiliser purchased by farmers to produce wheat.
• D)The chicken purchased by Nandos for use in their Peri Peri Chicken.
• E)The CDs purchased by JB Hi Fi for sale to their customers.

---

Definitions:

Gross Domestic Product

GDP stands for Gross Domestic Product and refers to the sum of the monetary or market value of all final goods and services that are produced within the confines of a nation during a given time frame.

Social Well-Being

The condition of an individual or group in terms of their mental, emotional, and physical health and their ability to interact successfully with others in society.

Leisure Time

Free time available to an individual after dedicating time to work, chores, and other obligatory activities, often used for relaxation or hobbies.

Net Domestic Product

The total value of all goods and services produced within a country in a year, minus depreciation.