Answer to Question #86330 in Macroeconomics for Sharon

Question

5. Using the relations among accounting categories demonstrated in the tables and identities in the text, use the following information on values (measured in Neverlandian pesos) from the country of Neverland in 2010 to find values for the following categories:
household and institutions spending = 650 household and institutions production =150
net income payments from the rest of the world = 5 nonprofit institutions production = 50
state and local government spending = 30
change in private inventories = 2
depreciation = 60
business spending = 50
exports = 225
imports = 125
government production = 200
statistical discrepancy = 0
GDP = 850

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

Answer 1

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