Economics · Macroeconomics - Types of Goods
Which of the following statements is/are correct? Statement I: Intermediate goods are goods used as inputs in the production of other goods. Statement II: Capital goods are durable goods used in production that do not get transformed into the final product.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, Statement II is correct
- 2Statement I is correct, Statement II is incorrect
- 3Both statements I and II are incorrect
- 4Both statements I and II are correct✓
Correct answer
Both statements I and II are correct
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