Q1

For

Hindustan Times (Delhi) - HT Education - - Front Page -

th­ese types of ques­tions, stu­dents usu­ally as­so­ciate that a good can be ei­ther an in­ter­me­di­ate or a fi­nal good. Al­ways re­mem­ber that a good it­self can't be an in­ter­me­di­ate good or a fi­nal good. It is the ul­ti­mate use of the good that would de­ter­mine whether it is fi­nal or in­ter­me­di­ate. De­fine both in­ter­me­di­ate goods and fi­nal goods and then with the help of an ex­am­ple ex­plain when it would be in­ter­me­di­ate or fi­nal. A lot of peo­ple died and many fac­to­ries are de­stroyed be­cause of a se­vere earth­quake in a coun­try. How will it af­fect the coun­try's PPC?

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