Which of the following is necessarily a final good?
An XL size shirt
The correct answer is An XL size shirt.
The same flour bought by a bakery is an intermediate good (input for producing bread for sale). This user-based distinction is important in calculating Gross Domestic Product (GDP) to avoid double-counting the value of goods. The concept of final goods helps ensure that national income accounts measure the value of goods and services produced for end consumption, not the value of inputs used at various stages of production.
Important Questions from Biology in Everyday life
Substances said to be biodegradable:
Stereopsis is a feature associated with the ______.
Which of the following tree/plant is used in the treatment of cough and cold?
Fast food is often packed with fat and ______.
Which of the following is not present in a nucleus?
