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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 3
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:
Airline ticket bought by a student.
New airplanes bought by Southwest Airlines.
Cheese bought by Domino's.
The purchase of a new iPhone for the vice president.
New house bought by Bill Gates.
Airline ticket bought by a student.
New airplanes bought by Southwest Airlines.
Cheese bought by Domino's.
The purchase of a new iPhone for the vice president.
New house bought by Bill Gates.
Explanation
Verified
Verified
Final goods and services are those goods...
Macroeconomics 11th Edition by Michael Parkin
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