Question
Use the information below to answer the following questions. Fact 4.1.2 Classify each of the following items as a final good or an intermediate good,
Use the information below to answer the following questions.
Fact 4.1.2
Classify each of the following items as a final good or an intermediate good, and identify which is a component of consumption expenditure, investment, or government expenditure on goods and services:
Item 1. A DVD bought by a household
Item 2. A new airplane bought by WestJet
Item 3. Aluminum sheets bought by Boeing
Item 4. A new limousine for the prime minister
Refer to Fact 4.1.2. Item 3 is ________ and item 4 is ________.
an intermediate good; a final good that is investment
a final good that is investment; a final good that is government expenditure
an intermediate good; a final good that is government expenditure
a final good that is investment; an intermediate good
a final good that is investment; a final good that is investment
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