Economics · National Income Accounting
Which of the following best defines a 'final good' in an economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A good purchased only by manufacturing business firms
- 2A durable good used repeatedly in the production process
- 3A good that does not undergo any further transformation in the economic process✓
- 4A good used as raw material in further production
Correct answer
A good that does not undergo any further transformation in the economic process
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