Question:
What is meant by intermediate goods and services?
AThe same as capital goods, such as plants, buildings, vehicles and machinery.
BProducts which one firm buys off another and then uses up in its own products.
CAll inputs bought by firms, including labour and raw materials.
DImported goods and Services.
Answer:
B. Products which one firm buys off another and then uses up in its own products.
Explanation:
Intermediate Goods
- Products which one firm buys off another and then uses up in its own products.