Final goods and services are products purchased by end-users for consumption purposes. A haircut bought by a father for his 12-year-old son is an example of a final service.
Final goods and services refer to products that are purchased by their end-users for consumption purposes. In the given options, a haircut purchased by a father for his 12-year-old son would qualify as a final service as it is directly consumed by the end-user.
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