Question : Which of the following statements are true?
- End use of the goods categorize as both final and intermediate goods.
- Books purchased by book seller is a part of final good.
- Addition to capital stock of an economy is termed as capital gain.
- Goods purchased for satisfaction are final goods.
Option 1: 1&4
Option 2: 2&4
Option 3: 1&3
Option 4: 2&3
Answer (1)
9th Jan, 2024
Correct Answer: 1&4
Solution :
- If the end use of the goods is for further production or resale it is an intermediate goods. If the end use of the product is consumption or investment then the good is your final goods.
- Books purchased by a Books seller is an intermediate good because he is going to the sale it.
- Addition to capital stock of an economy is termed as investment.
- Goods purchased for satisfaction is a final goods.
Hence, Option A is correct.
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