Question : The products that directly satisfy human demands are referred to as:
Option 1: Producer goods
Option 2: Intermediate goods
Option 3: Capital goods
Option 4: Consumer goods
Correct Answer: Intermediate goods
Solution : Consumer goods satisfy human wants directly. Consumer good is a finished product that is ready for sale and is used by the consumer to satisfy current wants or requirements.
Hence , the correct option is 4.
Question : Which of the following statement are true as per the mechnaism given in the picture.
Question : The value added of a firm is calculated as___________.
Question : Which of the following are true?
Question : Statement 1: Gross Domestic Product (GDP) is a measure of the total output of final goods and services produced within a country's borders.
Statement 2: GDP excludes the value of intermediate goods and services used in production.
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