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What else can I help you with?
Is bread a final good or intermediate good as far as making sandwiches?
if the final good is the sandwich, bread is a component: therefore an intermediate good
What is the distinction between an intermediate good and a final good in the context of economic production and consumption?
An intermediate good is a product used in the production of another good, while a final good is a product that is consumed by the end user. Intermediate goods are not sold directly to consumers, but are used in the production process to create final goods that are sold to consumers for consumption.
What kinds of good are used in the production of final goods?
intermediate goods
Why do economists include only final goods and services in measuring GDP for a particular year?
The dollar value of final goods includes the dollar value of intermediate goods. If intermediate goods were counted, then multiple counting would occur. The value of steel (intermediate good) used in autos is included in the price of the auto (the final product).
Is crude oil is an intermediate good?
Yes
Is bread a final good or intermediate good as far as making sandwiches?
if the final good is the sandwich, bread is a component: therefore an intermediate good
Difference between expenditure on final goods and expenditure on intermediate goods?
The difference between intermediate goods and final goods is in their nature. Intermediate goods are finished goods which can be used to make other good like wool. The final goods are sold to consumers like a woolen coat.
Is flour sold to a bakery a final good or intermediate good?
It would be an intermediate good because it will be used in the production of baked goods. It is only a final good if it is not part of the production process of something.
What is the distinction between an intermediate good and a final good in the context of economic production and consumption?
An intermediate good is a product used in the production of another good, while a final good is a product that is consumed by the end user. Intermediate goods are not sold directly to consumers, but are used in the production process to create final goods that are sold to consumers for consumption.
What kinds of good are used in the production of final goods?
intermediate goods
Why do economists include only final goods and services in measuring GDP for a particular year?
The dollar value of final goods includes the dollar value of intermediate goods. If intermediate goods were counted, then multiple counting would occur. The value of steel (intermediate good) used in autos is included in the price of the auto (the final product).
What is a good cat for intermediate owners?
A kitten is the best cat for intermediate owners.
Is crude oil is an intermediate good?
Yes
What is an example of a final good or service?
coffee beans a coffee shop purchases to make coffeethe wheat that a bakery purchases to make breada cake purchased from a bakery for a weddinglumber purchased by a construction company to use in building houses
Is an example of a final good or service?
coffee beans a coffee shop purchases to make coffeethe wheat that a bakery purchases to make breada cake purchased from a bakery for a weddinglumber purchased by a construction company to use in building houses
Can you use a cell phone while driving in Florida?
yes, unless you are a bus driver and have a passenger 17 and younger present and for intermediate license holders for first six months
Definition of intermediate goal?
An intermediate goal is a goal that can be achieved in 1-5 yrs. It is one of 4 basic types of goals: short-term, intermediate, and long-term... !!!Good luck!!
