Goods that are used up entirely in the production of final goods are known as
A)durable goods.
B)value added goods.
C)intermediate goods.
D)consumer goods.

Question

Quizplus · Accepted Answer

Intermediate goods are goods that are used up entirely in the production of final goods. They are not meant for final consumption and do not contribute to final output. The other options - durable goods, value-added goods, and consumer goods - all refer to types of goods that are not necessarily used up entirely in the production process.

Goods That Are Used Up Entirely in the Production of Final