Question : Which of the following are true?

1. Purchase of machines by a producer is an intermediate good.
2. Unexpected obsolescence is a component of depreciation.

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.

Question : Which of the following statement are true as per the mechnaism given in the picture.

1. Cotton and thread are final

Question : Assertion: Gross Domestic Product (GDP) measures the value of all final goods and services produced within the domestic territory of a country during a specific period.

Reason: GDP includes the value of intermediate goods and services used in the production process.

Question : In an economy, the value added at different stages of production is as follows (in INR):

Stage 1: INR 800,000

Stage 2: INR 600,000

Stage 3: INR 400,000

If the total value of intermediate consumption is INR 300,000, what is the value of final