Economics 9708 · AS & A Level · Perfect competition

Perfect competition — practice question

Which option correctly identifies injections into a country’s circular flow of income?

Aprivate sector (S > I): no; public sector (T > G): no; trade sector (X > M): no
Bprivate sector (S > I): no; public sector (T > G): no; trade sector (X > M): yes
Cprivate sector (S > I): yes; public sector (T > G): no; trade sector (X > M): no
Dprivate sector (S > I): yes; public sector (T > G): yes; trade sector (X > M): yes

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.