Which out of the following are intermediate goods ?
(A) Milk purchased by a household
(B) Sugar purchased by a restaurant
(C) Furniture purchased by school
(D) Chalk and duster purchased by school
(E) Printer purchased by a lawyer
Choose the correct answer from the options given below :
Which out of the following are intermediate goods ?
(A) Milk purchased by a household
(B) Sugar purchased by a restaurant
(C) Furniture purchased by school
(D) Chalk and duster purchased by school
(E) Printer purchased by a lawyer
Choose the correct answer from the options given below :
Solution
✅ Correct Option: 2
Intermediate goods are used up in producing other goods and services within the same year. Sugar purchased by a restaurant (B) and chalk and duster purchased by a school (D) are consumed in production. Milk by household is final consumption. Furniture by school and printer by lawyer are capital goods, i.e., final goods.
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