Lumber is used to produce furniture that is sold to consumers. The lumber is counted in gross domestic product (GDP). The furniture is counted in GDP. O a final; is; an intermediate; is not a final; is; a final; is an intermediate; is; an intermediate; is an intermediate; is not; a final; is an intermediate; is; a final; is not good and its value good and its value
Lumber is used to produce furniture that is sold to consumers. The lumber is counted in gross domestic product (GDP). The furniture is counted in GDP. O a final; is; an intermediate; is not a final; is; a final; is an intermediate; is; an intermediate; is an intermediate; is not; a final; is an intermediate; is; a final; is not good and its value good and its value
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Lumber is used to produce furniture that is sold to consumers. The lumber is
counted in gross domestic product (GDP). The furniture is
counted in GDP.
O a final; is; an intermediate; is not
O a final; is; a final; is
O
an intermediate; is; an intermediate; is
an intermediate; is not; a final; is
O an intermediate; is; a final; is not
good and its value
good and its value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F776ad8b6-f628-4c13-b003-0c24830b2ddb%2F2b6f9a14-c2d1-45d1-88a0-b975199561d5%2Fq6wmz8c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lumber is used to produce furniture that is sold to consumers. The lumber is
counted in gross domestic product (GDP). The furniture is
counted in GDP.
O a final; is; an intermediate; is not
O a final; is; a final; is
O
an intermediate; is; an intermediate; is
an intermediate; is not; a final; is
O an intermediate; is; a final; is not
good and its value
good and its value
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