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National Income · UPSC CDS/OTA · Question 38 of 66

National Income: Which of the following is an example of a 'final good' in National Income accounting?

Step-by-step solution. National Income for UPSC CDS/OTA.

Topic
National Income
Subject
General Studies
Difficulty
Moderate
Solve Time
45-60 sec

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Q · National IncomeModerate · 45s

Which of the following is an example of a 'final good' in National Income accounting?

TopicNational Income
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

A household's purchase of a car is final consumption; others are intermediate goods used to produce final goods.

Final Answer: Option C - A car bought by a household
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Which of the following is an example of a 'final good'… - National Income (General Studies) Solved Question