Classify each of the following items as a final good or service or an intermediate good or
Question:
Classify each of 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:
■ A new Renault car bought for your birthday
■ Weapons bought by the Russian government
■ Tortillas bought by a Mexican fast food stand
■ Glass bottles purchased by Perrier
■ A new house on the Caribbean island bought by Argentina’s president
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