1. Classify each of the following items as a final good or service or an intermediate good...
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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 expenditure on goods and services: ■ Banking services bought by a student. ■ New cars bought by Hertz, the car rental firm. ■ Newsprint bought by USA Today . ■ The purchase of a new limo for the president. ■ New house bought by Al Gore.
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