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Circular flow of income

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Question 2

The following national income and balance of payments data are recorded for a country in a given year:

  • Gross Domestic Product (GDP): 400 billion400\text{ billion}400 billion
  • Investment income received from foreign assets: 35 billion35\text{ billion}35 billion
  • Investment income paid to foreign investors: 50 billion50\text{ billion}50 billion
  • Remittance inflows from citizens working abroad: 15 billion15\text{ billion}15 billion
  • Remittance outflows from foreign workers to their home countries: 8 billion8\text{ billion}8 billion

What is the country's Gross National Income (GNI) for this year?

A

385 billion385\text{ billion}385 billion

B

392 billion392\text{ billion}392 billion

C

408 billion408\text{ billion}408 billion

D

450 billion450\text{ billion}450 billion

Markscheme

Circular flow of income Questions

  1. A Level
  2. /Economics
  3. /Circular flow of income

14 exam-style questions on OCR A Level Economics Circular flow of income. Each one has a worked solution and a mark scheme showing where the marks go.

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