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IB Economics HL 1.1.5 Circular Flow of Income Model Questions

Practise IB Economics HL 1.1.5 by explaining the circular flow of income, injections, withdrawals and macroeconomic linkages using marked exam evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Explain the circular flow of income and its leakages.

IB Economics HL 1.1.5 Circular Flow of Income Model Questions question 1

[Maximum number: 4]

The information provided in Table 1 represents data for Country X in 2015.

Table 1

Table 1

Question (a)

(a)

State the four factor payments which constitute the income flow in the circular flow of income model.

[ 2 ]

Question (b)

(b)

Define the term leakages.

[ 2 ]
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