Macroeconomics: Consumption and Capital Goods
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Questions and Answers

Which type of goods are bought by consumers as final or ultimate goods to satisfy their wants?

  • Intermediate goods
  • Durable goods (correct)
  • Capital goods
  • Services

    • Which category of goods includes items like fruit, oil, milk, and vegetables?

  • Capital goods
  • Non-durable goods (correct)
  • Services
  • Durable goods

    • What is the characteristic of final goods in an economy?

  • They are used either for final consumption or for investment. (correct)
  • They are not meant for final use.
  • They are for resale.
  • Their value is not included in the national income.

    • Which type of goods help in the process of production of other goods and services?

    <p>Intermediate goods</p> Signup and view all the answers

    What is the time dimension of a stock?

    <p>Static concept</p> Signup and view all the answers

    Which of the following best describes intermediate goods?

    <p>Goods that help in the production of other goods and services.</p> Signup and view all the answers

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