question_answer

  Highlight any three differences between intermediate goods and final goods.

Answer:

                  The differences are given in the table below (any three)

Final Goods	Intermediate Goods
Used for final consumption	Not used for final consumption
Ready for use by final users	Not ready for use by final users
Made using intermediate goods	Used as raw material for production of final goods
They are finished goods	They are unfinished goods
Value is calculated for GDP	Not calculated, as the value of final goods already includes the value of intermediate goods
Example: biscuits are final goods	Example: flour. Milk and sugar are intermediate goods used in making of biscuits