Which of the following will be categorized as an intermediate good in national income accounting?

Question

Quizplus · Accepted Answer

Oregano used as a seasoning for pizzas is an intermediate good because it is a raw material used in the production of the final good (pizza).

Answer: B
 The crops consumed by a farmer's family members are considered a personal consumption expenditure and not an intermediate good.

Answer: C
 The present value of a car produced a couple of years ago is not an intermediate good but rather a durable good that has already been sold and is now considered a used good.

Answer: D
 A clunker sold during the current year is not an intermediate good but rather a used good.

Answer: E
 The value of an antique piece of jewelry handed down over generations in a family is not an intermediate good but rather a used or second-hand good.

Which of the Following Will Be Categorized as an Intermediate