Economics · National Income
Consider the following statements regarding capital goods and consumer durables: (a) Both capital goods and consumer durables are final goods (b) Capital goods are directly consumed by households (c) Consumer durables undergo wear and tear over time (d) Capital goods enable repeated cycles of production Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a), (b), (c) and (d)
- 2(b), (c) and (d)
- 3(a) and (b) only
- 4(a), (c) and (d)✓
Correct answer
(a), (c) and (d)
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