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

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Question 34

The table below shows the components of gross domestic product (GDP) for an economy in 2022.

Component$bn
Consumption920
Imports240
Government expenditure340
Investment210
Exports260

Aggregate demand in the economy is

1450bn1450\text{bn}1450bn

1470bn1470\text{bn}1470bn

1490bn1490\text{bn}1490bn

1970bn1970\text{bn}1970bn

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

  1. A Level
  2. /Economics
  3. /2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts