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प्रश्न
Classify the following into an intermediate good and a final good. Give reasons for your answer.
A new car purchased by a taxi driver.
कारण सांगा
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उत्तर
A new car purchased by a taxi driver is a final good.
Reasons:
- The car is not meant for resale or further processing.
- It is utilized by taxi drivers as a capital asset to provide transportation services and generate money.
- Because it is used to invest in the production process, it is classified as a final good in national income accounting.
- Investment goods, even when utilized for business purposes, are classified as final goods if they are used for more than one accounting year.
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