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. A. A textbook bought by a student B. A computer purchased for a senator's office C. New cars bought by Hertz, the car rental firm D. Aluminum sheets bought by Boeing 1. A is a final good that is consumption expenditure, B is a final good that is government expenditure, C is a final good that is investment, and D is an intermediate good. 2. A is a final good that is investment, B is an intermediate good, C is a final good that is investment, and D is an intermediate good. 3. A is a final good that is consumption expenditure, B is an intermediate good, C is a final good that is consumption expenditure, and D is a final good that is investment. 4. A is a final good that is consumption expenditure, B is a final good that is government expenditure, C is a final good that is consumption expenditure, and D is a final good that is investment. 5. A is a final good that is investment, B is a final good that is government expenditure, C is a final good that is investment, and D is a final good that is investment.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 9SQP

See similar textbooks

Related questions

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 of consumption expenditure, investment, or government expenditure on goods and services.

A. A textbook bought by a student

B. A computer purchased for a senator's office

C. New cars bought by Hertz, the car rental firm

D. Aluminum sheets bought by Boeing

A is

a final good that is consumption expenditure,

B is

a final good that is government expenditure,

C is

a final good that is investment,

and D is

an intermediate good.

A is

a final good that is investment,

B is

an intermediate good,

C is

a final good that is investment,

and D is

an intermediate good.

A is

a final good that is consumption expenditure,

B is

an intermediate good,

C is

a final good that is consumption expenditure,

and D is

a final good that is investment.

A is

a final good that is consumption expenditure,

B is

a final good that is government expenditure,

C is

a final good that is consumption expenditure,

and D is

a final good that is investment.

A is

a final good that is investment,

B is

a final good that is government expenditure,

C is

a final good that is investment,

and D is

a final good that is investment.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions