Intermediate goods and services are:
A) used only as inputs to produce something else and are not counted as separate items in GDP.
B) goods that consumers buy in parts-like a new tire for their car-and are included as separate items in GDP.
C) used only as inputs to produce something else and are counted as separate itemsin GDP.
D) goods that consumers buy in parts-like a new tire for their car-and are not included as separate items in GDP.

Question

Quizplus · Accepted Answer

Intermediate goods and services are used as inputs to produce something else and are not counted as separate items in GDP. Only final goods and services, which are bought by the end-users/consumers, are included in GDP.

Intermediate Goods and Services Are