Which of the following would not be counted as a final good for inclusion in GDP?
A)a piece of glass bought by a consumer to fix a broken window
B)a sheet of glass purchased by General Motors for the side window of a new car
C)a sheet of glass produced this year and ending up in the inventory of a retail hardware store
D)All of the above are counted.

Question

Which of the following would not be counted as a final good for inclusion in GDP?
A)​a piece of glass bought by a consumer to fix a broken window
B)​a sheet of glass purchased by General Motors for the side window of a new car
C)​a sheet of glass produced this year and ending up in the inventory of a retail hardware store
D)​All of the above are counted.

Quizplus · Accepted Answer

A final good is one that is purchased for final use, not for further manufacturing or resale. The sheet of glass bought by General Motors (B) is considered an intermediate good because it will be used in the production of a new car, not sold directly to the final consumer.

Which of the Following Would Not Be Counted as a Final