Which of these goods is a final good that would be counted in GDP in the year it is produced?
A) tomatoes used by an Italian restaurant
B) wood used for making furniture
C) an oven for installation in a bakery
D) a computer chip used in a laptop computer

Question

Quizplus · Accepted Answer

An oven for installation in a bakery is considered a final good because it is not further processed into another product and is used for its intended purpose in the year it is produced. This makes it countable in the GDP for that year. Other options represent intermediate goods, which are used in the production of final goods and are not counted in GDP to avoid double counting.

Which of These Goods Is a Final Good That Would