A restaurant purchases a package of sandwich buns for 50 cents.The buns are ________ good in this case,and thus its purchase ________ a transaction that is included in GDP.

Question

Quizplus · Accepted Answer

The sandwich buns are considered an intermediate good because they are used to produce a final product (the sandwich) sold to consumers. Therefore, their purchase is not included in GDP, as GDP only accounts for final goods and services to avoid double counting.

A Restaurant Purchases a Package of Sandwich Buns for 50