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Fact 4.1.2
Classify each of the following items as a final good or an intermediate good, and identify which is a component of consumptio expenditure, investment, or government expenditure on goods and services:
Item 1.A DVD bought by a household Item 2.A new airplane bought by WestJet Item 3.Aluminum sheets bought by Boeing
Item 4.A new limousine for the prime minister
-Refer to Fact 4.1.2.Item 3 is _______ and item 4 is _______.

Question

Quizplus · Accepted Answer

Item 3, aluminum sheets bought by Boeing, is an intermediate good because it will be used in the production of Boeing's final goods, such as airplanes. 
Item 4, a new limousine for the prime minister, is a final good and is part of government expenditure on goods and services.

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