Classify the following as final goods or intermediate goods.
(i) Machine purchased by a firm.
(ii) Soft drinks purchased by the school canteen.
(iii) Clothes purchased by an individual.
(iv) Coal purchased by a factory.
(v) Electricity consumption In a business.
(vi) Book purchased by a student.
(vii) Books purchased by a book seller.
(viii) Postage stamps purchased by a consumer.
(ix) Postage stamps purchased by a business unit.
(x) Exhaust fans used for making water coolers.
(xi) Seeds purchased by a farmer to produce wheat.
(xii) Seeds purchased for kitchen gardening.
(xiii) Machihes purchased by a dealer of machines.
(xiv) Car purchased by a household.
(xv) Sewing machine purchased by a housewife.

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Solution

The following are classified as follows:
Final Goods: (i), (iii), (vi), (viii), (xii), (xiv), (xv)
Intermediate Goods: (ii), (iv), (v), (vii), (ix), (x), (xi), (xiii)

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Similar questions

Q. Postage stamps purchased for Rs. 30 by business. This transaction will be recorded in ________________.

Q. Which among the following are final goods and which are intermediate goods? Give reasons.
(a) Milk purchased by a tea stall
(b) Bus purchased by a school
(c) Juice purchased by a student from the school canteen.

Classify the folllowing goods into intermediate goods and final goods:

(i) Milk purchased by a household

(ii) Purchase of rice by a grocery shop

(iiii) Purchase of an air conditioner for use in a shop

(iv) Cloth used for making a sofa-set by the carpenter

From the following data, calculate Gross National Product at Market Price by:
(a) Income method
(b) Expenditure method

$\begin{matrix} 1. & Mixed income of self employed & 400 2. & Compensation of employeees & 500 3. & Private final conosumption expenditure & 900 4. & Net factor income from abroad & - 20 5. & Net indirect taxes & 100 6. & Consumption of fixed capital & 120 7. & Net domestic capital formation & 280 8. & Net exports & - 30 9. & Profits & 350 10. & Rent 11. & Interest & 150 12. & Government final consumption expenditure & 450 \end{matrix} - ----------------------------------------------------------- -$

OR

Categorise the following as final and intermediate good. Give reasons:
(a) Machine purchased by a household
(b) Machine purchased by a firm
(c) Machine purchased for resale purpose

Q. A machine was purchased

3

years ago. Its value decreases by

5 %

every year. Its present value is

R s .23000

. For how much money was the machine purchased?

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The following are classified as follows:Final Goods: (i), (iii), (vi), (viii), (xii), (xiv), (xv)Intermediate Goods: (ii), (iv), (v), (vii), (ix), (x), (xi), (xiii)

The following are classified as follows:
Final Goods: (i), (iii), (vi), (viii), (xii), (xiv), (xv)
Intermediate Goods: (ii), (iv), (v), (vii), (ix), (x), (xi), (xiii)