What is the difference between intermediate and final goods and services? In which of these categories do

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What is the difference between intermediate and final goods and services? In which of these categories do capital goods, such as factories and machines, fall? Why is the distinction between intermediate and final goods important for measuring GDP?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:44 AM

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What is the difference between intermediate and final goods and services? In which of these categories do

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Intermediate goods and services are used up in producing other goods in the same pe...View the full answer

Macroeconomics

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