Economics · National Income Accounting
Read the following statements carefully: Statement 1: Final goods do not undergo any further transformation at the hands of any producer. Statement 2: Final goods may get transformed during their consumption by the ultimate purchaser. In light of the given statements, choose the correct option from the following:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement 1 is true and Statement 2 is false.
- 2Statement 1 is false and Statement 2 is true.
- 3Both Statements 1 and 2 are true.✓
- 4Both Statements 1 and 2 are false.
Correct answer
Both Statements 1 and 2 are true.
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