The goods and services that firms purchase and turn into final goods and services are called

Question

Quizplus · Accepted Answer

Inputs refer to the raw materials, components, and other goods and services that firms purchase and use to produce their final goods and services. Outputs, on the other hand, are the final products that the firms sell to their customers. Exports refer to goods and services that are sold to customers in other countries. Therefore, the best choice is A) inputs.

The Goods and Services That Firms Purchase and Turn into Final