Which of the following is a final good or service?
A)diesel fuel bought for a delivery truck
B)fertilizer purchased by a farm supplier
C)a haircut
D)Chevrolet windows purchased by a General Motors assembly plant

Question

Quizplus · Accepted Answer

A final good or service is one that is purchased by the end user for their own consumption or use. Diesel fuel and fertilizer are intermediate goods as they are used in the production process. Chevrolet windows purchased by a General Motors assembly plant are also an intermediate good as they are used in the production of a final good (the Chevrolet vehicle). On the other hand, a haircut is a final good or service as it is purchased by the end user for their own personal use.

Which of the Following Is a Final Good or Service