An example of an intermediate good would be:
A) lumber used by a consumer to build a fence in their yard.
B) pencils purchased by a restaurant to be used to take orders.
C) a new stove purchased by a restaurant.
D) an airplane purchased by the government.
E) Social Security payments made by the government.

Question

Quizplus · Accepted Answer

Intermediate goods are those goods that are used in the production of final goods or services. In this case, the pencils purchased by a restaurant are not the final product sold to consumers but are instead used in the process of providing a service to customers.

An Example of an Intermediate Good Would Be