| Year | Licensing Imports (£ billion) | Licensing Exports (£ billion) |
|---|---|---|
| 2012 | 8.5 | 3.5 |
| 2014 | 8.0 | 4.5 |
| 2016 | 7.0 | 5.5 |
| 2018 | 6.5 | 6.5 |
| 2020 | 5.5 | 8.0 |
| 2022 | 4.5 | 9.5 |
With reference to Figure 2, examine the likely impact on the UK's circular flow of income of the trends in pharmaceutical licensing exports and imports between 2012 and 2022.
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.