The table below shows macroeconomic data for a hypothetical open economy:
| Macroeconomic Component | Value (£ billion) |
|---|---|
| Savings | 38 |
| Investment | 42 |
| Government Spending | 65 |
| Taxation | 58 |
| Exports | 47 |
| Imports | 52 |
What is the total value of withdrawals (leakages) from this economy's circular flow of income?
£138 billion
£143 billion
£148 billion
£154 billion
75 exam-style questions on Edexcel A A Level Economics 2.4 National income, covering 2.4.1 National income, 2.4.2 Injections and withdrawals, 2.4.3 Equilibrium levels of real national output, and 2.4.4 The multiplier. Each one has a worked solution and a mark scheme showing where the marks go.