categorise the following into final and intermediate good :
1. machinery purchase by a firm.
2. repairs done to a building.

Dear student,

1. machinery purchase by a firm: Intermediate goods
2. repairs done to a building: Intermediate goods

As the machinery and things purchased for repair and maintenance will be used in production of the final good.

Regards,

  • 1
1.) Purchase of machinery is an intermediate good as it used in production by firm.
  • 0
2. Intermediate good
  • 1
What are you looking for?