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Using the relations among accounting categories

Question: Using the relations among accounting categories demonstrated in the tables and identities in the text, use the information on values in the chart on the next page (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

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Accounting Basics: Using the relations among accounting categories

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