Asked by
Alisa Phoumin
on Oct 13, 2024
Verified
Which one of the following is a final good or service?
A) Microcomputer chips for a new computer
B) A radio bought by General Motors for use in its new line of cars
C) Chemical pesticides used by a farmer to control the incidence of crop disease
D) A will drawn up by your personal attorney
E) The lead added to gasoline to increase the octane rating
Final Good
A product that is consumed by the end user and does not require any further processing or manufacturing.
- Differentiate between end products and services and intermediary goods to avoid redundancy in the computation of Gross Domestic Product.
Verified Answer
MB
Learning Objectives
- Differentiate between end products and services and intermediary goods to avoid redundancy in the computation of Gross Domestic Product.