Economics (AS & A Level) · May / June 2024 · Paper 13 · Question 17
9708Introduction to the circular flow of income
The table lists the values of the components of an economy's circular flow of income. What can be concluded about the economy from the information shown?
- AIt has a budget surplus.
- BIt has a trade deficit.
- CIt is a mixed, open economy.
- DIts circular flow is in equilibrium.
As printed in the paper
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Correct answer: C. It is a mixed, open economy.
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