Intermediate goods and services are:
A) used only as inputs to produce something else and are not counted as separate items in GDP.
B) goods or services that consumers buy in parts and are included as separate items in GDP.
C) used only as inputs to produce something else and are counted as separate items in GDP.
D) good or services that are not technically complex.

Question

Quizplus · Accepted Answer

Intermediate goods and services are used only as inputs to produce something else and are not counted as separate items in GDP. Only final goods and services, which are directly consumed by households and businesses, are included in GDP.

Intermediate Goods and Services Are