Which of the following transactions is considered a purchase of final output? Which one is considered the purchase of an intermediate good?
(a)Albert purchased a camera from Canada to use on his vacation in the Bahamas.
(b)Albert purchased a roll of film to use in his camera.
(c)An owner of a bakery purchased wheat to make bread.
(d)The Ford Company purchased 10 tons of steel to make cars.
(e)Sue purchased cleaning detergent to use in her newly purchased washing machine.

Question

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The Answer of Which of the following transactions is considered a purchase of final output? Which one is considered the purchase of an intermediate good?
(a)Albert purchased a camera from Canada to use on his vacation in the Bahamas.
(b)Albert purchased a roll of film to use in his camera.
(c)An owner of a bakery purchased wheat to make bread.
(d)The Ford Company purchased 10 tons of steel to make cars.
(e)Sue purchased cleaning detergent to use in her newly purchased washing machine.

Which of the Following Transactions Is Considered a Purchase of Final