WJEC · Macroeconomics · National income and the circular flow

WJEC Economics past paper questions: National income and the circular flow

Every WJEC question on National income and the circular flow from 2018 to 2024: 3 data response questions and 3 multiple choice questions. It covers International trade and exchange rates, Measuring economic performance, Demand, supply and elasticity and Aggregate demand. Each question links to its paper, mark scheme and examiner report.

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SubtopicsInternational trade and exchange rates 2Measuring economic performance 2Demand, supply and elasticity 1Aggregate demand 1

Data response questions on national income and the circular flow

A-level Unit 3, June 2019, Q4(a)4 marks

Using Chart 1, compare and contrast the data on output gaps for the UK and the US.

Question paper p.7 Mark scheme p.6 Examiner report p.11 Open in the tool

A-level Unit 3, June 2019, Q4(b)7 marks

With reference to all the information provided, assess the view that a negative output gap in an economy will always result in a fall in the rate of inflation.

Question paper p.7 Mark scheme p.6 Examiner report p.11 Open in the tool

AS Unit 2, June 2019, Q1(b)6 marks

Case study: A BRIDGE TOO FAR!

(i) Identify two injections from the data given. (ii) With reference to the circular flow of income model, explain how increasing injections might lead to a larger increase in national income.

Question paper p.3 Mark scheme p.3 Examiner report p.6 Open in the tool

Multiple choice questions

AS Unit 1, June 2024, Q9
In 2021, the Welsh Government announced a £15.2 million funding package to support the regeneration of town centres in Wales. As a result of this programme, the GDP of Wales is likely to increase by:
AS Unit 1, June 2022, Q13
The table below shows the values of injections into and withdrawals from the circular flow of income for an economy. Injections (£ m) Withdrawals (£ m) Government spending 1 000 Taxation 900 Investment 650 Saving 500 Exports 825 Imports 1…
AS Unit 1, June 2018, Q1
Identify the missing words from the following statement: "According to the circular flow of income model, when an economy is in equilibrium we would expect withdrawals to............................................. injections".

Question text is quoted from the question papers, © WJEC CBAC Ltd, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Data response questions on national income and the circular flow

Multiple choice questions

More WJEC topics: Macroeconomics