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Title: The following table shows various elements in a country's circular flow of income (where government ...
Post by: seeb1999 on May 19, 2020
The following table shows various elements in a country's circular flow of income (where government expenditure and investment include only the amount spent in the domestic economy: i.e. excluding any imported component).

Flows in the economy (£m)
Saving 400
Consumption of domestic goods and service1650
Government expenditure1000
Income tax revenue850
Indirect tax revenue 575
Import expenditure 700
Export expenditure 850
Investment675
What will happen to national income?

▸ Stay the same

▸ Rise

▸ Fall

▸ It is impossible to say without further information.


Title: The following table shows various elements in a country's circular flow of income (where government ...
Post by: coltonf1 on May 19, 2020
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