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Fact 20.1.2
Classify each of the following items as a final good or an intermediate good, and identify which is a component of consumption 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 20.1.2. Item 1 is ________ and item 2 is ________.

Question

Quizplus · Accepted Answer

Item 1, a DVD bought by a household, is a final good and part of consumption expenditure. Item 2, a new airplane bought by WestJet, is a final good and part of investment.

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