ECONOMIC INDICATORS - Essay ExampleThus, intermediate goods are http://persuasive-essay-samples948.mystrikingly.com those which are traded from one industry to another either for reproduction of a final good or for the resale of the value added goods. Since GDP calculated the final value of all the goods and services in a year so, intermediate goods are not accounted for calculating GDP (SURI, 2013). Final Goods: Final goods as term justifies refer to finished product which are available in the market for consumption purposes by individuals or for investment purposes to yield profit. Unlike intermediate goods, final goods are solemnly produced for their own sake because final goods are the ultimate output of all factor implied for production. Final good is the product which is calculated in Gross Domestic Product of the country. Final goods can further be classified into two categories which are consumer goods and producer goods.
