in each of the following transactions, classify the item as a final good, an intermediate good, or neither…

in each of the following transactions, classify the item as a final good, an intermediate good, or neither. you collected a $20 bill from a cash machine is an example of _______. second - hand blue jeans you bought from your friend is an example of _______. a. neither an intermediate nor a final good; a final good b. a final good; a final good c. a final good; neither an intermediate nor a final good d. neither an intermediate nor a final good; neither an intermediate nor a final good

in each of the following transactions, classify the item as a final good, an intermediate good, or neither. you collected a $20 bill from a cash machine is an example of _______. second - hand blue jeans you bought from your friend is an example of _______. a. neither an intermediate nor a final good; a final good b. a final good; a final good c. a final good; neither an intermediate nor a final good d. neither an intermediate nor a final good; neither an intermediate nor a final good

Answer

Brief Explanations:

A final good is for end - use consumption. An intermediate good is used in the production of other goods. When you collect a $20 bill from a cash machine, money is not a good in the economic sense of being a product for consumption or production input. Second - hand blue jeans are not part of current production and consumption in the way that new goods are counted in GDP, so they are also not final or intermediate goods in the context of current economic activity measurement.

Answer:

D. neither an intermediate nor a final good; neither an intermediate nor a final good