Question

What are intermediate goods?


goods that are not sold or exchanged in an economy


goods that are produced outside the country


goods used in the production of other goods


goods that were sold in earlier years
GPT-4o mini
Intermediate goods are **goods used in the production of other goods**. They are products that are not finished products themselves but are used as inputs in the production process to create final goods. Examples include steel used in construction, flour used in baking bread, and fabric used in making clothing.

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