Test Index
CBSE 2018 Class 12 Economics Exam
© examsnet.com
Question : 6 of 16
Marks:
+1,
-0
Which among the following are final goods and which are intermediate goods? Give reasons. (a) Milk purchased by a tea stall (b) Bus purchased by a school (c) Juice purchased by a student from the school canteen
Solution:
(a) It is an intermediate good because it is used by producer during production process of making tea and not for final consumption. (b) It is a final good as, it is purchased by school for final consumption. (c) It is a final good as, it is purchased by a student for final consumption.
© examsnet.com
Go to Question: