The table below shows selected macroeconomic data for an open economy with a government sector:

Macroeconomic variable	Value (£ billion)
Savings ( $S$ )	45
Business Investment ( $I$ )	35
Government Expenditure ( $G$ )	50
Taxation ( $T$ )	40
Export Revenue ( $X$ )	30
Import Expenditure ( $M$ )	38

Which of the following correctly identifies the net relationship between injections and withdrawals, and its primary effect on the circular flow of income?

There is a net withdrawal of £8 billion, exerting downward pressure on national income.

There is a net injection of £8 billion, exerting upward pressure on national income.

There is a net withdrawal of £18 billion, exerting downward pressure on national income.

There is a net injection of £12 billion, exerting upward pressure on national income.

The table below shows selected macroeconomic data for an open economy with a government sector:

Macroeconomic variable	Value (£ billion)
Savings ( $S$ )	45
Business Investment ( $I$ )	35
Government Expenditure ( $G$ )	50
Taxation ( $T$ )	40
Export Revenue ( $X$ )	30
Import Expenditure ( $M$ )	38

Which of the following correctly identifies the net relationship between injections and withdrawals, and its primary effect on the circular flow of income?

There is a net withdrawal of £8 billion, exerting downward pressure on national income.

There is a net injection of £8 billion, exerting upward pressure on national income.

There is a net withdrawal of £18 billion, exerting downward pressure on national income.

There is a net injection of £12 billion, exerting upward pressure on national income.

2.4 National income

Question 9

Markscheme

2.4 National income

Question 9

Markscheme

2.4 National income

Question 9

2.4 National income Questions

2.4 National income

Question 9

2.4 National income Questions