Which of the following is classified as an intermediate good?
I.the purchase of a Big Mac by a college student
Ii.McDonald's purchase of pickles
Iii.a McDonald's restaurant owner's interest payment for the loan on her building
A)ii only
B)ii and iii
C)i only
D)i and iii
E)i,ii and iii

Question

Quizplus · Accepted Answer

Intermediate goods are products used in the production of final goods. McDonald's purchase of pickles is an intermediate good because they are used to make the final product, a Big Mac.

Which of the Following Is Classified as an Intermediate Good