(Solved by Humans)-What is meant by intermediate goods and services? a) The same as

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Academic Level: Undergrad. (yrs 3-4)

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Question

What is meant by intermediate goods and services?

a)?The same as capital goods, such as plant, 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 labour and raw materials.

d)?Imports.

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