Answer:
The
differences are given in the table below (any three)
Final Goods
Intermediate
Goods
Used
for final consumption
Not
used for final consumption
Ready
for use by final users
Not
ready for use by final users
Made
using intermediate goods
Used
as raw material for production of final goods
They
are finished goods
They
are unfinished goods
Value
is calculated for GDP
Not
calculated, as the value of final goods already includes the value of
intermediate goods
Example:
biscuits are final goods
Example:
flour. Milk and sugar are intermediate goods used in making of biscuits
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