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Classify the following as final goods or intermediate goods : (i) Clothes purchased by an individual household. (ii) Textbooks purchased by a student. (iii) Seeds purchased by a farmer to grow wheat. (iv) Machines purchased by a dealer of machines. (v) Car purchased by a household. (vi) Refrigerator purchased by an individual household. (vii) Refrigerator purchased by a confectioner. (viii) Refrigerator purchased by a dealer of refrigerators. (ix) Butter purchased by a bakery shop for making cakes. (x) Butter purchased by a household for consumption. |
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Answer» Solution :Final goods : (i), (ii), (V), (VI), (vii), (x) Intermediate goods : (iii), (IV), (viii), (IX). |
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