"Final goods and services" are those that are
A) double counted in the calculation of GDP.
B) produced outside of the United States.
C) used in the production of other goods and services.
D) sold to the ultimate or final purchasers.

Question

Quizplus · Accepted Answer

Final goods and services are those that are sold to ultimate or final purchasers, meaning they are intended for consumption rather than to be used in the production of other goods and services. This is in contrast to intermediate goods, which are used in the production process and not sold directly to consumers.

"Final Goods and Services" Are Those That Are