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Class 12 · Economics

What is the strongest clue to identify a capital good?

Class 12 · Economics

What is the strongest clue to identify an intermediate good?

Class 12 · Economics

If the same vegetables are bought by a family for cooking at home, how will they be counted?

Class 12 · Economics

If a restaurant buys vegetables to prepare meals, how will the vegetables be counted?

Class 12 · Economics

What is the correct distinction between raw material and capital good?

Class 12 · Economics

Why can capital goods be treated as final goods in national income calculation?

Class 12 · Economics

In which situation will milk be considered a final consumption good?

Class 12 · Economics

In which situation will milk be considered an intermediate good?

Class 12 · Economics

A machine used in production for more than one year is generally called what?

Class 12 · Economics

Which option correctly classifies a good according to its use?

Class 12 · Economics

A car bought by a company for production-related work can be what type of good?

Class 12 · Economics

If a family buys a car for private use, in which category will it generally fall?

Class 12 · Economics

If a car dealer buys a car for selling, what type of good is that car?

Class 12 · Economics

How can a capital good be included in final goods?

Class 12 · Economics

What is the correct difference between cloth bought by a tailor and the tailor's sewing machine?

Class 12 · Economics

What problem arises if intermediate goods are added separately in national income measurement?

Class 12 · Economics

Why does the classification change when the same flour is bought for making bread at home and by a bakery for producing bread?

Class 12 · Economics

On what basis is it decided whether a good is a final good or an intermediate good?

Class 12 · Economics

What is the safest rule for classifying goods in this chapter?

Class 12 · Economics

What is the purpose of final goods approach in national income calculation?