MEDIUM
Earn 100

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 bookseller.

(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) Machines purchased by a dealer of machines.

(xiv) Car purchased by a household.

(xv) Sewing machine purchased by a housewife.

Important Questions on National Income Accounting

EASY
Goods purchased for the following purpose are final goods:
MEDIUM
Which of the following is an example of Non-durable good?
MEDIUM
Which of the following flowchart correctly establishes the treatment of Derpreciation?
MEDIUM
Which of the following is an example of intermediate goods?
MEDIUM
Intermediate goods are still within the _____ boundary.
MEDIUM
Which one of the following is an intermediate product?
EASY
The households receive transfer payments from government and firms.
EASY
Unforeseen obsolescence of fixed capital assets during production is:
EASY
Addition to the capital stock of the economy is termed as:
MEDIUM
Which one of the following is not an example of final goods?
EASY
_____ goods are used up in a single act of consumption.
MEDIUM
Which of the following are covered under the domestic territory of India?
MEDIUM
When _____ is subtracted from gross investment, we get net investment.
EASY
Which of the following is an example of Non-durable good?