5. Using the relations among accounting categoriesdemonstrated in the tables and identities in thetext, use the information on values in the chartbelow (measured in Neverlandian pesos) from thecountry of Neverland in 2010 to find values for thefollowing categories:a. Private household productionb. Business productionc. Fixed investment spending (by business)d. Federal government spendinge. National incomeHousehold and institutionsBusiness spendingspending = 65050=Household and institutionsExports = 225production = 150Net income payments from theImports = 125rest of the worldNonprofit institutionsproduction = 50State and local governmentspending = 30Governmentproduction = 200............. ........Statisticaldiscrepancy = 0Change in private inventoriesGDP = 8502Depreciation = 60

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Using the relations among accounting categories demonstrated in the tables and identities in the text, use the information on values in the chart below (measured in Neverlandian pesos) from the country of Neverland in 2010 to find values for the following categories:

Using the relations among accounting categories demonstrated in the tables and identities in the text, use the information on values in the chart below (measured in Neverlandian pesos) from the country of Neverland in 2010 to find values for the following categories:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

5. Using the relations among accounting categories
demonstrated in the tables and identities in the
text, use the information on values in the chart
below (measured in Neverlandian pesos) from the
country of Neverland in 2010 to find values for the
following categories:
a. Private household production
b. Business production
c. Fixed investment spending (by business)
d. Federal government spending
e. National income
Household and institutions
Business spending
spending = 650
50
=
Household and institutions
Exports = 225
production = 150
Net income payments from the
Imports = 125
rest of the world
Nonprofit institutions
production = 50
State and local government
spending = 30
Government
production = 200
............. ........
Statistical
discrepancy = 0
Change in private inventories
GDP = 850
2
Depreciation = 60

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