Question: 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
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:
• Banking services bought by a student.
• New cars bought by Hertz, the car rental firm.
• Newsprint bought by the National Post.
• The purchase of a new limo for the prime minister.
• New house bought by Alanis Morissette.
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