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.
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.
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 9SQP
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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.
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