The goods and services that are used in the production of other goods and services are called:
A)gross domestic goods.
B)intermediate goods.
C)final goods.
D)ultimate goods.

Question

The goods and services that are used in the production of other goods and services are called:
A)​gross domestic goods.
B)​intermediate goods.
C)​final goods.
D)​ultimate goods.

Quizplus · Accepted Answer

Intermediate goods are goods that are used as inputs in the production of final goods and do not directly satisfy consumer wants, unlike final goods.

The Goods and Services That Are Used in the Production