Describe the situations when the good you describe would be

Reference no: EM133711334

Question: Give an example of a good that can be both an intermediate good and a final good. An intermediate good is good that is used up in the production of final goods and services. A final good is a good or service that is consumed by the ultimate user. We don't count intermediate goods towards GDP because their value is captured in the price of the final good. But when goods are consumed by the ultimate user they do count towards GDP. Describe the situations when the good you describe would be considered a final good and under what circumstances would it be considered an intermediate good.

Reference no: EM133711334

Questions Cloud

What is a common pattern : What is a Common pattern in which there is a period of rapid economic growth (recovery & prosperity) when supply and demand stimulate each other, alternating

Which one correctly describe the requirement for publicizing : None of the exceptions in FAR 5.202 apply. Which one correctly describes the requirement for publicizing this proposed contract action?

Discuss your views on data privacy : Discuss your views on data privacy and those of your friends and family members. How do they compare with those of the industry associations?

Would you keep charging this price : Currently the price is set at $500. Suppose the operation cost of the ski resort is fixed. Would you keep charging this price? Why?

Describe the situations when the good you describe would be : Describe the situations when the good you describe would be considered a final good and under what circumstances would it be considered an intermediate good.

Explain the file naming conventions which must be used : Explain the file naming conventions which must be used when storing client records to meet KindCare's organisational requirements.

High inflation can impact economic growth : How to reword: High inflation can impact economic growth. It can reduce consumer and business spending because higher prices erode purchasing power

How ifrs being principle-based rather than rule-based affect : How would IFRS being principle-based rather than rule-based affect financial ratio comparisons involving American and EU companies?

How can traditional shops maintain competitiveness : How can traditional shops maintain competitiveness and remain relevant? Initiate business solutions to suit current economic conditions

User Account

All Pages