________ saw the home as a workplace which could be made more efficient. Her husband Frank (an efficiency expert in factories) wrote a book about their marriage and twelve children, Cheaper by the Dozen, which has been made into movies

What is the difference between an intermediate good and a final good?

a. Final goods are adjusted for depreciation, intermediate goods are not. b. Final goods are adjusted for changes in the value of the dollar, intermediate goods are not. c. In GDP calculations, final goods are counted as consumption spending, intermediate goods are counted as private investment spending. d. There is no meaningful difference between them. e. Final goods are finished and ready for sale; intermediate goods require further processing.

Producer surplus measures the benefit to sellers from receiving a price above their costs

a. True b. False Indicate whether the statement is true or false