An example of ﬁnal goods in national income accounts would be
A) new lawn mowers purchased by Cut-Rite Lawn Equipment & Supplies.
B) ﬂowers and pots purchased by homeowner Joe Smith.
C) chemicals purchased by Green Grass Lawn Care Services.
D) seedlings and saplings purchased for resale by Wendy's Garden Center.

Question

Quizplus · Accepted Answer

Final goods refer to goods that are purchased for final use and not for resale or further processing. In this case, flowers and pots purchased by homeowner Joe Smith are considered final goods because they are bought for personal use, not for resale or further production.

An Example of ﬁNal Goods in National Income Accounts Would