Which of the following is classified as a final good or service?
i.Oranges bought by Boost Juice to use in fresh juices.
ii.Software to be installed in a new Dell computer.
iii.Your purchase of an online subscription to The Australian newspaper.
A)iii only
B)ii only
C)i,ii and iii
D)i and ii
E)ii and iii

Question

Quizplus · Accepted Answer

A final good or service is one that is consumed by the end user and does not require any further processing. The online subscription to The Australian newspaper is a final service consumed by the end user. The oranges and software are intermediate goods used in the production of other goods and services.

Which of the Following Is Classified as a Final Good