Question

Indicate whether each of the following is a final​ good, an intermediate​ good, or neither. 1. Coffee beans purchased by a coffee shop ___________ (Final good / Intermediate good / Neither)2. One share of Google stock ___________ (Final good / Intermediate good / Neither)3. A new​ pick-up truck purchased by a consumer ___________ (Final good / Intermediate good / Neither)4. A new home purchased by a family ___________ (Final good / Intermediate good / Neither)

Answer 1

1) coffee bans are intermediate goods

2) one share of Google stock is neither a final or intermediate good

3) a new pickup truck is a final good

4) a new home is a final good

Intermediate goods are used to manufacture or produce final goods.

Final goods are also known as consumer goods.