In the context of economy, which of the following is an example of Intermediate good?
Show answer & explanation
Correct answer: B
Explanation
In economics, intermediate goods are goods that are used as raw materials to produce other final goods.
Copper is a raw material that is being used to make utensils (the final good).
The value of intermediate goods is already included in the price of the final good, so they are not counted separately in calculating national income.