Steel sheets used to make cars and copper used for utensils are exampl…

Question

Steel sheets used to make cars and copper used for utensils are examples of:

Accepted Answer

A. Intermediate goods

1. They are inputs for other products.
2. They are intermediate goods.
3. They are not counted in GDP directly.
_Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._

Answer

Final consumer goods

Answer

Consumer durables

Answer

Capital machines

Steel sheets used to make cars and copper used for utensils are examples of:

Keep practising Indian Economy