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shaerovira shaerovira
wrote...
Posts: 488
3 years ago
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 is the level of aggregate demand?

▸ £4175m

▸ £6700m

▸ £2325m

▸ £2525m
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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cuddahy99cuddahy99
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Posts: 405
3 years ago
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