Which of the following are final goods or services, and which are intermediate goods or services? a. A Haircut purchased from a hair salon b. a new automobile c. an oil filter purchase in a new automobile d. Crude oil
Which of the following are final goods or services, and which are intermediate goods or services? a. A Haircut purchased from a hair salon b. a new automobile c. an oil filter purchase in a new automobile d. Crude oil
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 1SQP
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Which of the following are final goods or services, and which are intermediate goods or services?
a. A Haircut purchased from a hair salon
b. a new automobile
c. an oil filter purchase in a new automobile
d. Crude oil
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