Economics · National Income Accounting
Consider the following statements regarding intermediate goods: (a) They are used as inputs in the production of other goods. (b) Their value is included separately in estimation of national income. (c) They lose their original form during the production process. (d) Counting them separately along with final goods leads to double counting. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a), (b) 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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