The term "final goods and services" refers to:
A)goods and services which are unsold and therefore added to inventories.
B)goods and services whose value has been adjusted for changes in the price level.
C)goods and services purchased by ultimate users, as opposed to resale or further processing.
D)the excess of Canadians exports over Canadians imports.

Question

Quizplus · Accepted Answer

Final goods and services are those purchased by ultimate users (consumers, businesses, and governments) for their own consumption or use, as opposed to those purchased for resale or further processing. This includes items like groceries, clothing, and entertainment services. Options A, B, and D do not accurately describe final goods and services.

The Term "Final Goods and Services" Refers To