Which of the following is a final good?
A) Seed used for corn
B) Wheat used for bread
C) Electricity used for producing automobiles
D) A lawn mower purchased by a household

Question

Quizplus · Accepted Answer

A final good is a product purchased by its end user for the purpose of consumption or future production. A lawn mower purchased by a household fits this definition and is therefore a final good. The other options are intermediate goods, meaning they are used as inputs in the production process of other goods and services.

Which of the Following Is a Final Good