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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 new limousine for the president B. A DVD bought by a household C. Steel sheets bought by General Motors D. A new apartment building O 1. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is investment. O 2. A is an intermediate good, B is a final good that is investment, C is an intermediate good, and D is a final good that is investment. O 3. A is a final good that is government expenditure, B is a final good that is consumption expenditure, C is a final good that is consumption expenditure, and D is a final good that is consumption expenditure. O 4. A is an intermediate good, B is a final good that is consumption expenditure, Cis an intermediate good, and D is a final good that is consumption expenditure. O 5. A is a final good that is government expenditure, B is a final good that is investment, Cis a final good that is consumption expenditure, and D is a final good that is consumption expenditure.

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 new limousine for the president B. A DVD bought by a household C. Steel sheets bought by General Motors D. A new apartment building O 1. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is investment. O 2. A is an intermediate good, B is a final good that is investment, C is an intermediate good, and D is a final good that is investment. O 3. A is a final good that is government expenditure, B is a final good that is consumption expenditure, C is a final good that is consumption expenditure, and D is a final good that is consumption expenditure. O 4. A is an intermediate good, B is a final good that is consumption expenditure, Cis an intermediate good, and D is a final good that is consumption expenditure. O 5. A is a final good that is government expenditure, B is a final good that is investment, Cis a final good that is consumption expenditure, and D is a final good that is consumption expenditure.

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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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 new limousine for the president B. A DVD bought by a household C. Steel sheets bought by General Motors D. A new apartment building O 1. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is investment. O 2. A is an intermediate good, B is a final good that is investment, C is an intermediate good, and D is a final good that is investment. O 3. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, Cis a final good that is consumption expenditure, and D is a final good that is consumption expenditure. O 4. Ais an intermediate good, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is consumption expenditure. O 5. A is a final good that is government expenditure, B is a final good that is investment, C is a final good that is consumption expenditure, and D is a final good that is consumption expenditure. emp Next ard.a
Transcribed Image Text: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 new limousine for the president B. A DVD bought by a household C. Steel sheets bought by General Motors D. A new apartment building O 1. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is investment. O 2. A is an intermediate good, B is a final good that is investment, C is an intermediate good, and D is a final good that is investment. O 3. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, Cis a final good that is consumption expenditure, and D is a final good that is consumption expenditure. O 4. Ais an intermediate good, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is consumption expenditure. O 5. A is a final good that is government expenditure, B is a final good that is investment, C is a final good that is consumption expenditure, and D is a final good that is consumption expenditure. emp Next ard.a
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