Purchases of lumber,such as a sheet of plywood,are always considered intermediate goods and those transactions are not counted in GDP.

Question

Quizplus · Accepted Answer

Purchases of lumber can be considered final goods if they are used in the construction of a new home or building, or if they are sold to customers for home improvement projects. In these cases, the transactions would be counted in GDP. However, if the lumber is purchased by a construction company as part of their production process, it would be considered an intermediate good and not count towards GDP.

Purchases of Lumber,such as a Sheet of Plywood,are Always Considered