Classify each of the following items as a final good or an intermediate good, and identify whether it is a component of consumption expenditure, investment, or government expenditure on goods and services: Item 1. Packing boxes bought by Amazon.com. Item 2. Starbuck's grande mocha frappuccino bought by a student. Item 3. A new limousine for the president. Item 4. New airplanes bought by United Airlines. Item 1 is and item 2 is OA. an intermediate good; a final good that is consumption expenditure O B. a final good that is consumption expenditure; a final good that is consumption expenditure O C. a final good that is consumption expenditure; a final good that investment O D. an intermediate good; a final good that is investment Item 3 is and item 4 is O A. an intermediate good; an intermediate good O B. a final good that is government expenditure; a final good that is investment O C. an intermediate good; a final good that is investment O D. a final good that is govermment expenditure; an intermediate good

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Classify each of the following items as a final good or an intermediate good, and identify whether it is a component of consumption expenditure, investment, or government expenditure on goods and services:
Item 1. Packing boxes bought by Amazon.com.
Item 2. Starbuck's grande mocha frappuccino bought by a student.
Item 3. A new limousine for the president.
Item 4. New airplanes bought by United Airlines.
Item 1 is
and item 2 is
A. an intermediate good; a final good that is consumption expenditure
B. a final good that is consumption expenditure; a final good that is consumption expenditure
O C. a final good that is consumption expenditure; a final good that is investment
D. an intermediate good; a final good that is investment
Item 3 is
and item 4 is
O A. an intermediate good; an intermediate good
B. a final good that is government expenditure; a final good that is investment
O C. an intermediate good; a final good that is investment
O D. a final good that is government expenditure; an intermediate good
Click to select your answer.
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Transcribed Image Text:Classify each of the following items as a final good or an intermediate good, and identify whether it is a component of consumption expenditure, investment, or government expenditure on goods and services: Item 1. Packing boxes bought by Amazon.com. Item 2. Starbuck's grande mocha frappuccino bought by a student. Item 3. A new limousine for the president. Item 4. New airplanes bought by United Airlines. Item 1 is and item 2 is A. an intermediate good; a final good that is consumption expenditure B. a final good that is consumption expenditure; a final good that is consumption expenditure O C. a final good that is consumption expenditure; a final good that is investment D. an intermediate good; a final good that is investment Item 3 is and item 4 is O A. an intermediate good; an intermediate good B. a final good that is government expenditure; a final good that is investment O C. an intermediate good; a final good that is investment O D. a final good that is government expenditure; an intermediate good Click to select your answer. MacBook Air 000 DII DD 吕0 888 F10 F11 F12 esc F6 F7 F8 F9 F4 F5 F2 F3 F1 & ! @ # 1 2 3 4 7 8 { [ P Q W E R т Y tab F G K A S caps lock C V B N M 24
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