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

Question:

1.10 Classify each of the following items as a fi nal good or service or an intermediate good or service and identify which is a component of consumption expenditure, investment, or government expenditure on goods and services:

◆ Banking services bought by Google

◆ Security system bought by Barclays

◆ Coffee beans bought by Starbucks

◆ New coffee grinders bought by Starbucks

◆ Starbucks’ grande mocha frappuccino bought by a student

◆ An aircraft carrier bought by the Royal Navy

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

Question Posted: