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Classify the following as final goods or...

Classify the following as final goods or intermediate goods :
(i) Clothes purchased by an individual household.
(ii) Textbooks purchased by a student.
(iii) Seeds purchased by a farmer to grow wheat.
(iv) Machines purchased by a dealer of machines.
(v) Car purchased by a household.
(vi) Refrigerator purchased by an individual household.
(vii) Refrigerator purchased by a confectioner.
(viii) Refrigerator purchased by a dealer of refrigerators.
(ix) Butter purchased by a bakery shop for making cakes.
(x) Butter purchased by a household for consumption.

Text Solution

Verified by Experts

Final goods : (i), (ii), (v), (vi), (vii), (x)
Intermediate goods : (iii), (iv), (viii), (ix).
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