Which of These Goods Is an Intermediate Good That Would

question 25

Multiple Choice

Which of these goods is an intermediate good that would NOT be counted in GDP in the year it is produced?

• A) a tractor
• B) wood used for making furniture
• C) an oven for installation in a bakery
• D) flour sold in a grocery store

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Definitions:

Total-Market Approach

A marketing strategy that aims to broaden the reach and applicability of a product or service to all potential consumers, not just targeted segments.

Psychological Variable

A factor related to the mental or emotional state that influences consumer behavior or human decision-making.