Final goods are those purchased by end users, whereas intermediate goods are those purchased for resale or
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Final goods are those purchased by end users, whereas intermediate goods are those purchased for resale or for further processing or manufacturing. Intermediate goods, nonproduction transactions, and secondhand sales are purposely excluded in calculating GDP.
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Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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