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Circular flow of income

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Question 7

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

Macroeconomic FlowValue (£ billion)
Household saving (SSS)45
Business investment (III)40
Government taxation (TTT)55
Government spending (GGG)60
Export revenue (XXX)35
Import expenditure (MMM)30

What is the total value of injections into this economy's circular flow of income?

A

£5 billion

B

£130 billion

C

£135 billion

D

£265 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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