Choose the correct statements:

(A) Intermediate goods are used as raw materials or inputs for production of other commodities.
(B) Consumer goods are consumed when purchased by their ultimate consumers.
(C) Intermediate goods crossed production process boundary.
(D) Capital goods have a durable character which are used in the production process.

Choose the correct answer from the options given below:

(A), (B) and (D) only

The correct answer is Option (1) → (A), (B) and (D) only

(A) Intermediate goods are used as raw materials or inputs for production of other commodities. → True. Intermediate goods are those which are used up in the production of other goods and services.

(B) Consumer goods are consumed when purchased by their ultimate consumers.→ True. Consumer goods satisfy human wants directly and are not used for further production.

(C) Intermediate goods crossed production process boundary.False. Intermediate goods do not cross the production boundary; they are used within the production process and not meant for final consumption or sale to final consumers.

(D) Capital goods have a durable character which are used in the production process. True. Capital goods are durable producer goods like machinery, buildings, and tools used to produce other goods.