Classify each of the following items as a final good or service or an intermediate good or

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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 Google.

■ Security system bought by the New York Stock Exchange.

■ Coffee beans bought by Starbucks.

■ New coffee grinders bought by Starbucks.

■ Starbuck’s grande mocha frappuccino bought by a student.

■ New battle ship bought by the U.S. Navy.

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Economics

ISBN: 125380

10th Edition

Authors: Michael Parkin ,Robin Bade

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