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Question

Paper purchased by a publisher is _______.

A
intermediate goods
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B
final goods
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C
consumer goods
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D
none of the above
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Solution

The correct option is B intermediate goods
Intermediate goods refers to the raw materials used by the manufacturer which is either completely used in the production process or goes away in a final product. Paper purchased by a publisher is an intermediate good as it is completely used up in the production of the books to make the final product.

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