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Question

Which of the following expenditures incurred are on intermediate products and which are on final products? You must state reason for your answer:
(i) Purchase of ticket for train journey by an individual.
(ii) Purchase of eatables by a firm.
(iii) Purchase of a car by an employer for office use by his employees.

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Solution

Intermediate Products: (ii)
Final Products: (i), (iii).

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