Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Which among the following is a "Consumer good"?

  • A car used as taxi in Ola.
  • Use of refrigerator in hotel
  • T.V. being used in house
Options:

1 and 2

Only 3

2 and 3

Only 1

Correct Answer:

Only 3

Explanation:

Consumer goods are those goods which are used by the consumers for their personal consumption, whereas, capital goods are the goods which are further used in production process. Thus, only c option i.e. T.V. being used at home is the only consumer goods. All the other options are producing a service and not directly satisfying consumers.