The Difference Between a Final Good and an Intermediate Good

question 7

Multiple Choice

The difference between a final good and an intermediate good is that:

• A) final goods are not counted as part of GDP.
• B) intermediate goods are of lower quality than final goods.
• C) an intermediate good is sold for use as a component in a final good.
• D) a final good is sold for use as a component of an intermediate good.