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Author Question: The following table shows various elements in a country's circular flow of income (where government ... (Read 187 times)

bobbie

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on: May 25, 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.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by bobbie on May 25, 2020

bassamabas

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobbie

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

tandmlomax84

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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