
Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279
Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 1
Classify the following items as a final good or service or an intermediate good or service and identify each item as a component of consumption expenditure, investment, or government expenditure on goods and services:
Airline ticket bought by a student.
New airplanes bought by Southwest Airlines.
Cheese bought by Domino's.
Your purchase of a new iPhone.
New house bought by Bill Gates.
Airline ticket bought by a student.
New airplanes bought by Southwest Airlines.
Cheese bought by Domino's.
Your purchase of a new iPhone.
New house bought by Bill Gates.
Explanation
A final good/service is an item that is ...
Macroeconomics 12th Edition by Michael Parkin
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