Distinguish between intermediate goods and final
Distinguish between
a. Intermediate goods and final goods
b. Net domestic product and Gross national product.
c. Factor income and transfer income
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Distinguish between Intermediate goods and final goods
Construct a sustained argument in response to the question.
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Where r is the interest rate (assumed constant) and there are no storage costs. For the purposes of this problem, assume that a futures contract is the same as a forward contract.
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