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Fill in the Blank with Appropriate Alternatives Given Below Paper Purchased by a Publisher is __________. - Economics

MCQ
Fill in the Blanks

Fill in the blank with appropriate alternatives given below

Paper purchased by a publisher is __________.

Options

  • intermediate good

  • final good

  • consumer good

  • service

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Solution

Paper purchased by a publisher is intermediate good.

Explanation:
Intermediate goods are the goods which are used as a raw material in the production of final goods Accordingly, paper purchased by a publisher is an intermediate good. This is because the publisher would then further use the paper for the books he will publish.

Concept: Concept of National Income
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 9 National Income
Exercise | Q 1.5 | Page 79
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