a. Classify each of 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:

i. Banking services bought by a student.

ii. New cars bought by Herts, the car rental firm.

iii. Newsprint bought by the National post.

iv. A new limo bought by prime minister.

v. New house bought by Alanis Morissette.

b. Statistics Canada reported the following data for July 2014:

Labor force participation rate: 67.4 percent

Working-age population: 29.0 million

Employment-to-population ratio: 62.5

i. Labor Force.

ii. Employment

iii. Unemployment rate.