Which of the following are final goods or services,and which are intermediate goods or services?a.A haircut purchased from a hair salon.b.A new automobilec.An oil filter purchased in a new automobiled.Crude oil

Which of the following are final goods or services,and which are intermediate goods or services?a.A haircut purchased from a hair salon.b.A new automobilec.An oil filter purchased in a new automobiled.Crude oil

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 1SQP

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Question

Which of the following are final goods or services,and which are intermediate goods or services?
a.A haircut purchased from a hair salon.
b.A new automobile
c.An oil filter purchased in a new automobile
d.Crude oil

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