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Question

What differentiates intermediate goods from final goods?

A Intermediate goods are more expensive than final goods. Correct Answer Incorrect Answer
B Intermediate goods are not tangible, while final goods are tangible. Correct Answer Incorrect Answer
C Final goods are used for final consumption, while Intermediate goods are used as inputs in production. Correct Answer Incorrect Answer
D Intermediate goods are only found in the service sector, while final goods are only found in the manufacturing sector. Correct Answer Incorrect Answer

Solution

Intermediate goods are not meant for direct consumption by end-users but are used in the production process to create final goods or services.

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