Identify the correct statement from the following. Option 1: A car purchased by a taxi driver is a capital good. Option 2: A television purchased by a family is a capital good. Option 3: Copper used in making utensils is a capital good. Option 4: Computers purchased by an educational institution are intermediate goods.

The answer is 'A car purchased by a taxi driver is a capital good.'. View full solution:

CUET Economics - Identify the correct statement from the following. | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Macro

Medium

A car purchased by a taxi driver is a capital good.

A television purchased by a family is a capital good.

Copper used in making utensils is a capital good.

Computers purchased by an educational institution are intermediate goods.

✅ Correct Option: 1