How is flour treated in GDP terms?
A) It is always counted as an intermediate good.
B) It is counted as a final good if it is used by a company to make bread.
C) It is counted as a final good if it is used by a consumer who bakes bread for his own consumption.
D) It is always counted as a final good.

Question

Quizplus · Accepted Answer

Flour is counted as a final good in GDP terms if it is purchased by a consumer for personal use, such as baking bread at home. Otherwise, it is typically considered an intermediate good when used by companies to produce other goods like bread.

How Is Flour Treated in GDP Terms