Should the following be treated as final expenditure or intermediate expenditure? Given reasons for your answer.
Should the following be treated as final expenditure or intermediate expenditure? Given reasons for your answer.
(i) Purchase of furniture by a firm
(ii) Expenditure on maintenance by a firm.
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Reason:
(i) It is final expenditure because it is investment expenditure.
(ii) It is intermediate expenditure because it is an expenditure on single use producer goods.
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