An Example of an Intermediate Good Is

question 42

Multiple Choice

An example of an intermediate good is:

• A) wages paid to an employee.
• B) steel purchased by aircraft manufacturers.
• C) vegetables purchased for your dinner.
• D) electric bills for your house.

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Definitions:

Stagflation

A condition of slow economic growth and relatively high unemployment—a period of stagflation—accompanied by rising prices (inflation).

Misery Index

An economic indicator created by summing the unemployment rate and inflation rate, aiming to provide a snapshot of the average citizen's economic well-being.

Unemployment Rate

The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.

Employed

Employed refers to individuals who are working for pay or profit, engaging in a job or business, within a stipulated period.