Skip to content

Course home

A Level
Economics AQA
Question bank

2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts

Easy Medium Hard

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49

Question 29

In an open economy with a government sector, the following macroeconomic data are recorded:

Consumer savings ( $S$ ) = £28 billion
Investment expenditure ( $I$ ) = £35 billion
Government spending on goods and services ( $G$ ) = £42 billion
Tax revenues ( $T$ ) = £38 billion
Spending on imported goods and services ( $M$ ) = £24 billion
Export revenue ( $X$ ) = £31 billion

What is the total value of withdrawals (leakages) from this economy's circular flow of income?

£90 billion

£94 billion

£101 billion

£108 billion

2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts Questions

A Level
Economics
2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts