Question
Classify each of the following items as a final good or service or an intermediate good or service and identify which is a component
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. Item 1. Newsprint bought by USA Today Item 2 A haircut bought by a student Item 3. The purchase of a new security system for Congress Item 4. New airplanes bought by Southwest Airlines Item 1 is and item 2 is Item 3 is and item 4 is OA. an intermediate good, a final good that is consumption expenditure OB. an intermediate good, an intermediate good OC. a final good that is investment, a final good that is consumption expenditure D. a final good that is investment, an intermediate goodi OA. a final good that is investment a final good that is consumption expenditure OB. a final good which is government expenditure a final good that is investment OC. a final good which is government expenditure, a final good that is consumption expenditure: OD. a final good that is investment a final good that is investment
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