Which of the following best describes intermediate products?
A)goods that are purchased by the ultimate user
B)domestically produced goods that are not directly reflected in a nation's GDP
C)domestically produced goods that are reflected directly in a nation's GDP
D)imported retail products

Question

Quizplus · Accepted Answer

Intermediate products refer to goods that are domestically produced but are not directly reflected in a nation's GDP as they are used as inputs for further production. Examples include raw materials, unfinished goods, and intermediate components used in the production of final goods. They differ from final goods, which are purchased by the ultimate user and directly reflected in a nation's GDP.

Which of the Following Best Describes Intermediate Products