Classify the following items as a final good or service or an intermediate good or service and
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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 goods and services:
Airline ticket bought by a student.
New airplanes bought by Southwest Airlines.
Cheese bought by Domino’s.
Your purchase of a new iPhone.
New house bought by Bill Gates.
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