Which of the following is an example of an intermediate good or service? gasolin

Question

Which of the following is an example of an intermediate good or service? gasoline purchased by Sam for her commute to work flour purchased by Jake to bake a cake for his spouse training seminars for employees of an accounting firm golf balls sold to Tiger Woods None of these are examples of intermediate goods or services The total production within an economy is measured as Gross Home Product. Total Domestic Output Annual Production value. Gross Domestic Product Total Annual Output If you make dinner for yourself.

Explanation / Answer

(16) Option (b)

Flour is an input that is needed to produced an output (cake), so it's intermediate good.

(17) Option (d)

Gross domestic product (GDP) measures total product within an economy.

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