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False, It depends on the end use of bread. When it is purchased by a household, it is a consumer good. If it is purchased by a restaurant, it is a producer (intermediate) good.

True Intermediate goods have a derived demand as their demand depends on demand for final goods. On the other hand, final goods have a direct demand as they satisfy the wants directly.

Only Expected (Expected/Unexpected) obsolescence is considered for the estimation of consumption of fixed capital.

National Income includes only Final Goods.

Factor Income is received by factors of production.

Intermediate Goods are still within the production boundary

Milk purchased by households is a final good, while milk purchased by a sweet shop is an intermediate good.

Consumption goods have direct demand, while capital goods have derived demand

When depreciation (consumption of fixed capital) is subtracted from gross investment, we get Net Investment.

Net Factor Income from abroad is Negative when income earned from abroad is less than income paid to abroad.