Question 17
[Maximum number: 1]
The table shows some data for an economy.
What is the equilibrium level of national income?
A
$ 600 million
B
$ 700 million
C
$ 800 million
D
$ 900 million
CAIE A-Level Economics 4.2.3 Circular flow equilibrium
Practise applying circular flow equilibrium conditions using injections, withdrawals and macroeconomic balance data.
How this is tested
- apply the condition that planned injections equal planned withdrawals in an open economy
- use data on saving, investment, budgets and trade balances to find equilibrium income