What is meant by intermediate goods and services?

A. The same as capital goods, such as plants, buildings, vehicles, and machinery.
B. Products which one firm buys off another and then uses up in its own products.
C.  All inputs bought by firms, including labor and raw materials.
D. Imports.

Submitted by: Fareeha Maqsood

Correct Answer: The same as capital goods, such as plants, buildings, vehicles, and machinery. ✔

Last Updated: July 07, 2021