Economics · National Income Accounting
Consider the following statements about Intermediate Goods and Final Goods: I. Intermediate goods have not crossed the boundary line of production. II. The money value of intermediate goods is included in the estimation of national income. III. Cotton purchased by a textile industry for making cloth is an intermediate good. IV. Final goods are not meant for resale by the purchaser. Which of the above statements are CORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, III and IV
- 2I, III and IV only✓
- 3II and III only
- 4I and II only
Correct answer
I, III and IV only
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