Skip to content

Course home

Sign up

2.4.2 Injections and withdrawals

EasyMediumHard
123
Question 1

The table below shows macroeconomic data for a hypothetical open economy:

Macroeconomic variableValue (£ billion)
Savings (SSS)60
Investment (III)45
Government Spending (GGG)85
Taxation (TTT)75
Imports (MMM)40
Exports (XXX)55

Based on this data, which of the following statements is correct?

A

The circular flow of income is in equilibrium because total injections equal total withdrawals.

B

There is a net injection of £10 billion into the circular flow of income.

C

There is a net withdrawal of £10 billion from the circular flow of income.

D

There is a net withdrawal of £20 billion from the circular flow of income.

Markscheme

2.4.2 Injections and withdrawals Questions

  1. A Level
  2. /Economics
  3. /2.4.2 Injections and withdrawals

16 exam-style questions on Edexcel A A Level Economics 2.4.2 Injections and withdrawals. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank