1.1 Classify each of the following items as a fi nal good or service or an intermediate...

Question:

1.1 Classify each of the following items as a fi nal good or service or an intermediate good or service and identify it as component of consumption expenditure, investment or government expenditure:

◆ Airline ticket bought by a student

◆ New aeroplanes bought by British Airways

◆ Cheese bought by Domino’s

◆ Your purchase of a new iPhone

◆ A new house bought by Wayne Rooney

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

See More Books

Question Posted: Nov 06, 2024 08:01 AM

See More Questions

Please help with all questions, thank you 1) Classify each of the following items as a final good or service or as an intermediate good or service. Identify which is a component of consumption...
1. Classify each of the following items as a final good or service or an intermediate good or service and identify which is a component of consumption expenditure, investment, or government...
Classify the following items as a final good or service or an intermediate good or service and identify each item as a component of consumption expenditure, investment, or government expenditure on...
The following information was taken from the annual manufacturing overhead cost budget of Granada Company. Variable manufacturing overhead costs .....$33,000 Fixed manufacturing overhead costs...
Prove that the height of a red-black tree is at most 2 logN, and that this bound cannot be substantially lowered.
Business Outfitters Inc., which uses a perpetual inventory system, experienced a normal inventory shrinkage of $9,175. What accounts would be debited and credited to record the adjustment for the...
1.1 Classify each of the following items as a fi nal good or service or an intermediate good or service and identify it as component of consumption expenditure, investment or government expenditure: ...
Killys Baskets has the following current year costs: Variable costs ......... $6 per unit Fixed costs ........... $7,000 Killy and a key supplier have entered into an arrangement that will result in...
Have you ever used Airbnb within the past six months? _ _ _ Yes _ _ _ No " is an example of which type of question? dichotomous semantic differential fixed - alternative closed - end evaluative
1.4 Calculate the statistical discrepancy. Items in Dreamlands national accounts include: Government expenditure on goods and services: 600 Consumption expenditure: 1,950 Rent and interest: 400 ...
1.2 The fi rm that printed this textbook bought the paper from XYZ Paper Mills. Was this purchase of paper part of GDP? If not, how does the value of the paper get counted in GDP?
1 . "During the Great Depression, monetary policy appeared to be unable to provide much stimulus to the economy" (quotation from an economist) . (a) Do you agree with this view? Why or why not? (b)...
*Problem 9-5 Novak Ltd. had the following investment portfolio at January 1, 2020: Fair Value Cost per at Dec. 31, Investment Quantity Share 2019 Earl Corp. 940 $14.70 $11.90 Josie Corp. 850 19.70...
Indicate how each of the following transactions would affect Sandhill Ltd.'s statement of income, statement of financial position, and statement of cash flows. If there would be no effect, then state...
Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0 Ibs. @...
unit. Contrast in detail, its relationship to other funds that are found within the financial statements of a governmental entity. You can use the City of Milwaukee financial statements found in the...
Cole Patterson operates Cole's Cricket Farm in Clarkston, Georgia. Cole's raises about 18 million crickets a month. Most are sold to pet stores at $12.80 for a box of 1,000 crickets. Pet stores sell...
A region in space contains a total positive charge Q that is distributed spherically such that the volume charge density p (r} is given by Here a is a positive constant having units of C/m3. (a)...
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....

1.1 Classify each of the following items as a fi nal good or service or an intermediate...

Question:

Step by Step Answer:

Economics

Students also viewed these Business questions