Explain the difference between final goods and intermediate goods. Why is it sometimes difficult to apply this

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Explain the difference between final goods and intermediate goods. Why is it sometimes difficult to apply this distinction in practice? In this regard, why is the concept of value added useful?

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:45 AM

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Explain the difference between final goods and intermediate goods. Why is it sometimes difficult to apply this

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Final goods are goods intended to be used by consumers o...View the full answer

Macroeconomics Principles And Policy

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