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Which of the following transactions is considered a purchase of final output? Which one is considered the purchase of an intermediate good?
(a)Albert purchased a camera from Canada to use on his vacation in the Bahamas.
(b)Albert purchased a roll of film to use in his camera.
(c)An owner of a bakery purchased wheat to make bread.
(d)The Ford Company purchased 10 tons of steel to make cars.
(e)Sue purchased cleaning detergent to use in her newly purchased washing machine.
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